Abena Osei-Asare Urges Mahama To Probe Reported Losses At Ghana Gold Board

Former Minister of State for Finance and Chairperson of Parliament’s Public Accounts Committee, *Abena Osei-Asare*, is calling on President *John Dramani Mahama* to order a full investigation into the Ghana Gold Board, GOLDBOD, over reported financial losses.

Speaking to journalists on *Tuesday, August 11*, the Atewa East MP said the losses attributed to GOLDBOD need closer scrutiny to determine how they occurred and whether public funds were properly protected.

Her comments follow reports, including one cited by the *IMF*, that GOLDBOD may have recorded losses of about *$1.7 billion*.

Madam Osei-Asare said the amount involved represents a huge missed opportunity for the country.

“*A portion of the reported loss could have been used for things that directly benefit Ghanaians, especially in the health sector*,” she said.

She added that *GH¢6 billion* of the reported loss could have been used to employ unemployed nurses.

The lawmaker also reminded President Mahama of his past pledge to review the performance of state-owned enterprises. She urged him to act on that promise, particularly for SOEs that are struggling.

“*President Mahama, we are asking you to call for proper and further investigations into what is happening at GOLDBOD. I am temporarily relieved that at least the Bank of Ghana from 1st of July, 2026 is no more spending on GOLDBOD as it used to be*,” she said.

“*President Mahama, somewhere last year, you engaged SOEs and then you mentioned that SOEs that are not making profits or SOEs that are not thriving, you either close them down or you merge them, so we want you to walk the talk. Look into GOLDBOD*.”