14 h. ago Ghana Gold Board Faces Scrutiny Over Financial Sustainability Concerns

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-gold-board-faces-scrutiny-over-financial-sustainability-concerns/The Ghana Gold Board (GoldBod) is at the center of intense debate over its financial operations and risk management as the Bank of Ghana prepares to exit artisanal gold trading on January 1, 2026. The controversy intensified following the International Monetary Fund (IMF) Fifth Review report on Ghana’s Extended Credit Facility programme, which disclosed that […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-gold-board-faces-scrutiny-over-financial-sustainability-concerns/

Politics

61 h. ago Economist Challenges Central Bank Over Gold Programme Losses

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-challenges-central-bank-over-gold-programme-losses/An economist has questioned the Bank of Ghana and the Ghana Gold Board’s dismissal of reported losses from the country’s gold operations, citing contradictions with International Monetary Fund disclosures in a sharply worded public statement. Frank Bannor, senior research fellow at the Institute of Economic Research and Public Policy (IERPP), challenged the central bank’s Thursday […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-challenges-central-bank-over-gold-programme-losses/

Politics

63 h. ago Does Goldbod owe BoG US$214m, or has BoG lost US$214m? A policy and financial risk analysis

Introduction Ghana’s Gold-for-Reserves (G4R) and Domestic Gold Purchase Programme (DGPP) have been celebrated as innovative strategies to strengthen Ghana’s reserves, reduce reliance on foreign exchange borrowing, and curb illicit gold exports. At the heart of these initiatives is the Ghana Gold Board (GoldBod), established in 2025 to support the accumulation of gold reserves by the […]

Economics

4 d. ago Analysis: How GoldBod’s operations led to a $214 million loss at the BoG

The IMF has confirmed that the Bank of Ghana has incurred some losses through the Gold for Reserves programme implemented via the Ghana Gold Board.  In its 5th review of Ghana’s ongoing IMF programme, the Fund disclosed that losses from the artisanal and small scale doré gold transactions under the programme had reached $214 million […]

Economics

4 d. ago IMF Report Discloses US$214 Million Losses from Gold for Reserves Programme

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imf-report-discloses-us214-million-losses-from-gold-for-reserves-programme/Operational costs from Ghana Gold Board (GoldBod) alongside trading shortfalls have driven losses under the Bank of Ghana’s (BoG) Gold for Reserves (G4R) programme to US$214 million within the first nine months of 2025, according to the International Monetary Fund’s (IMF) Fifth Review report. The disclosure is contained in the IMF staff report on Ghana’s […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imf-report-discloses-us214-million-losses-from-gold-for-reserves-programme/

Economics

1 week ago JoyBusiness Review 2025:  Prof. Quartey applauds goldbod market sanitization and export benefits

Professor Peter Quartey, Director of the Legon Centre for International Affairs and Diplomacy (LECIAD) and former head of ISSER, has praised the establishment of the Gold Board, describing it as a critical step toward cleaning up Ghana’s gold trading ecosystem and improving revenue generation. Speaking at the JoyNews Business Economic Forum, Prof. Quartey said the Gold Board is helping to bring order to a previously fragmented and poorly regulated space dominated by unregistered traders.

Economics

3 w. ago GoldBod CEO Sammy Gyamfi honoured with historic Suma Adinkra Sword

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has been presented with the prestigious Suma Adinkra Sword, a historic symbol of excellence awarded by the Suma Traditional Council in recognition of outstanding leadership and national service.

Politics