The Minority Caucus in Ghana’s Parliament has formally called for a Parliamentary Inquiry into the operations of the Ghana Gold Board (GoldBod) following reported financial losses linked to the Bank of Ghana’s Domestic Gold Purchase Programme.
The call for an investigation follows public comments made between August 17 and 22, 2026, by GoldBod Chief Executive Officer Sammy Gyamfi concerning the financial position and performance of the institution.
In a statement addressing the controversy, Deputy Minority Leader Patricia Appiagyei rejected suggestions that the reported financial concerns were politically motivated. She explained that the issues raised by the Minority were based on findings contained in an independent assessment.
According to the Minority Caucus, the reported losses associated with the Domestic Gold Purchase Programme were highlighted in an official report by the International Monetary Fund (IMF), which it described as an internationally respected institution whose economic assessments deserve serious consideration.
Minority Rejects Allegations by GoldBod CEO
The Minority also expressed concern over comments allegedly directed at its members, including Minority Leader Alexander Afenyo-Markin, during recent responses by the GoldBod CEO.
Patricia Appiagyei said the caucus would not engage in personal exchanges but maintained that the allegations made against its members were false and had been rejected completely.
The parliamentary opposition further stressed the importance of ethical leadership, accountability and transparency in public office, referencing Ghana’s Code of Conduct and Ethics for political appointees.
The Minority said it intends to rely on established parliamentary and institutional procedures to address concerns surrounding the conduct of the GoldBod leadership.
Minority Wants GoldBod Financial Records Before Parliament
The Minority Caucus has also urged GoldBod management to submit its financial records and audited statements to Parliament as part of efforts to clarify the reported financial discrepancies.
The caucus wants a Parliamentary Inquiry to examine the figures contained in the IMF report and compare them with GoldBod’s own audited financial accounts.
According to the Minority, parliamentary scrutiny would provide an opportunity for all parties to present evidence and allow the public to understand the actual financial position of the Domestic Gold Purchase Programme.
The caucus maintained that the matter should ultimately be resolved through verified financial records, parliamentary oversight and evidence-based investigations, rather than political accusations.
The demand for an inquiry is expected to intensify discussions about GoldBod’s financial management, Ghana’s gold purchasing programme, Bank of Ghana operations, public accountability and the management of Ghana’s gold resources.
Minority Caucus Statement Below:
Source: newsthemegh.com