Parliament is set to open an inquiry into the reported US$1.7 billion loss recorded by the Ghana Gold Board (GOLDBOD) under the Domestic Gold Purchase Programme (DGPP).
The move follows a formal motion filed by the Minority Caucus, seeking a parliamentary investigation and the summoning of GOLDBOD Chief Executive Sammy Gyamfi to provide explanations regarding the controversial transactions.
Speaker of Parliament Alban Bagbin confirmed the development, stating that parliamentary scrutiny would help clarify whether the reported $1.7 billion (GHS22 billion) constitutes a genuine financial loss or a policy-related cost associated with the DGPP’s implementation. “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,” he said.
Bagbin explained that the parliamentary process would allow lawmakers to thoroughly examine the issue and bring clarity to the public. He added that Ghanaians would have the opportunity to follow the proceedings and form their own informed opinions. “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 said.
The upcoming inquiry is expected to provide much-needed transparency and accountability on the financial management of the DGPP and the reported multi-billion dollar loss.
Source: Apexnewsgh.com