Accept IMF’s gold loss concerns in good faith – Prof Asuming

Economist and University of Ghana lecturer, Professor Patrick Asuming, has questioned attempts by state institutions to downplay the International Monetary Fund’s (IMF) assessment that Ghana recorded a $214 million loss under the Gold for Reserves Programme, insisting the information originated from the government itself.

Speaking on JoyNews on Monday, Prof Asuming said the IMF’s position on the reported loss was clear and should not have come as a surprise to authorities, including the Ghana Gold Board and the Bank of Ghana.

“I think the IMF was absolutely clear on the $214 million. And they said it’s a loss. It’s important to understand that the IMF doesn’t make up this information,” he said. “It is the government of Ghana that reports this information to the IMF.”

Source: www.myjoyonline.com

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