GoldBod’s $214 million is a transactional cost and not a loss – Eric Afful, Chairman of Economic and Dev’t Committee of Parliament

December 29, 2025

The Majority Caucus in Parliament has rebutted the claims by the Minority Caucus that the Ghana Gold Board has incurred a $214 million loss in gold trade under the Gold for Reserve Programme.

The Caucus said the amount was a transactional and insurance cost the GoldBod incurred in its gold trading activities for 2025.

It said both the Governor of the Bank of Ghana (BoG) and the Chief Executive of the GoldBod would, within January and March 2026, render accounts to Parliament as they were statutory required to do so.