Alban Bagbin, the Speaker of Parliament, has revealed that the House will scrutinise the reported US$1.7 billion loss, equivalent to about GH¢22 billion, recorded under the Domestic Gold Purchase Programme (DGPP).
According to Speaker Bagbin, the scrutiny will help determine whether the reported US$1.7 billion represents an actual financial loss or a policy cost.
Speaker Bagbin revealed that a motion received by his office on August 21, 2026, and would be admitted for consideration.
Speaking in parliament, Alban Bagbin stated, “With the motion they have filed, which was received in my office on the 21st of August, 2026, just three days ago, I have gone through the motion myself and I intend to admit the motion because we have to at least have an end to litigation as to whether it’s a loss or it’s a cost”.
“This House will have the opportunity to go through it. And please, Ghanaians are very intelligent people. They will listen, they will read in between the lines and they will make their decisions,” he added.
The development follows Alexander Afenyo-Markin, has announced that the Minority in Parliament has filed a second motion seeking the establishment of an ad hoc committee to investigate the alleged GH¢22 billion loss linked to gold trade transactions involving the GoldBod and the Bank of Ghana.
According to Afenyo-Markin, the motion also seeks to summon the Chief Executive Officer of GoldBod, Sammy Gyamfi, to appear before the committee if Parliament approves the request.
The Minority leader disclosed that the motion was filed and signed by several of its MPs, including Kojo Oppong Nkrumah, Tweneboah Koduah, Jerry Shaib Ahmed, Vincent Asafuah, Dr Kyei Asamoah and the Minority’s Ranking Member on the Finance Committee, Dr Mohammed Amin Adam.
Speaking on Good Evening Ghana on August 20, 2026, the Minority Leader stated, “We have filed the necessary processes. We don’t just blow hot air. My colleagues have filed the motion. We have today at 12 noon filed a motion signed by respected Kojo Oppong Nkrumah, Tweneboah Koduah, Jerry Shaib Ahmed, Vincent Asafuah, Dr Kyei Asamoah, and our ranking on finance, Dr Mohamed Amin Adam”.
“We have filed and put forward our argument. All the documents are tied there too for Speaker, who has the power of admissibility to determine admissibility,” he said.
“This is not different from the earlier one that we filed, and the same was voted on. First of all, they delayed the motion for a long time. Each time we’re going to take the motion, they will say they were not prepared. Eventually, after taking the motion, they whipped their numbers to vote against it.
“Since the chief executive has offered to come, I believe his party has heard him. We pray that the 189 majority will not stampede us,” he added.
He further called for the proceedings to be broadcast live due to the public interest and the size of the alleged loss.
“Gold Board must bring all its books. I mean, because they said they are ready. BOG must come. We would invite those we have to invite and have a live coverage because 22 billion is huge sum,” he indicated.
@ghnow_ The Ministry of Works, Housing and Water Resources has officially welcomed Hon. Ahmed Ibrahim following his reassignment to the ministry by President John Dramani Mahama. #GHnow #fyp ♬ original sound – National Democratic Congress
@ghnow_ Hon. Ahmed Ibrahim has arrived at the Ministry of Works, Housing and Water Resources following his reassignment to the ministry by President John Dramani Mahama. #GHnow #fyp ♬ original sound – NDCMUSICHQ
