Alexander Afenyo-Markin, the Minority Leader, has said the loss by the Bank of Ghana(BoG) and the Ghana Gold Board (GoldBod) amounts to causing financial loss to the state.
According to Afenyo-Markin, the BoG and GOLBOD, in their Gold for Reserves, caused a $214 million loss, which amounts to causing financial loss.
Speaking at a press conference on Monday, January 26, Mr Afenyo-Markin stated, “$214 million loss from BoG and GOLBOD G4R dealings amounts to causing financial loss to the state”.
He further warned that GoldBod’s dual role as both a regulator and an operator could be encouraging illegal mining, commonly known as galamsey.
He stated, “Organised labour last year sounded an alarm and indicated that galamsey activities have worsened. This government has failed to provide tangible evidence of its commitment to the fight against galamsey”.
“It is clear that they are always involved in PR gimmicks, looking at the optics rather than the substance. They are interested in short-term gains”.
He added,“All we know is that they are talking about their success story, the amount of gold, or tonnes of gold, they have purchased, yet they have failed to tell us whether there are measures to tackle illicit gold produced through galamsey activities”.
“We are concerned because the future of this country is at stake, and the earlier this government takes steps to protect the future of Ghana, the better,” he said.
Meanwhile, in an earlier press conference, the minority led by Asokwa MP, Patricia Appiagyei, on Thursday, January 8, has accused the Bank of Ghana (BoG) Governor, Dr Johnson Asiama, of the $214m Gold-for-Reserves loss.
Patricia Appiagyei criticised the BoG Governor for his failure in oversight and called for a thorough investigation and accountability.
According to the minority, the BoG Governor must answer for $214m Gold-for-Reserves loss.
On Thursday, January 8, Patricia Appiagyei addressed the press and fired shots at the BoG Governor, saying, “The institution that funds the Gold-for-Reserves programme, the institution whose balance sheet bears the $214 million loss. The institution that should have provided rigorous oversight, Under the Governor’s watch, these losses occurred.
“Excessive fees were allowed, trading losses mounted, controls failed, and when the IMF exposed these losses, the Bank of Ghana issued a press release dismissing the IMF’s concern instead of scrutiny.
“As Governor, he must answer. What oversight did the Bank of Ghana provide, when did they become aware of losses and why defend and deny rather than investigate? Who approved the off-takers contract?
“Critically, as someone who benefitted from the nolle prosequi, does he not see the public concern when accountability questions arise again around politically exposed actors?” she said.
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$214 million loss from BoG and GOLBOD G4R dealings amount to causing financial loss to the state – Minority#JoyNews #Viral #Explorepage #Ghana #JoyFM #GhanaNews #Ghana #NewsUpdate #Africa #GhPolitics #News #AfricaNews #CurrentAffairs #Vlog pic.twitter.com/6ue9Q1zbaa
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