DISREGARD MINORITY'S FALSE CLAIMS ON GOLDBOD LOSSES – MP WORLASE KPELI TELLS PUBLIC

The Member of Parliament for Kwahu Afram Plains North, *Worlase Kpeli*, has called on the public to disregard claims by the Minority that the Ghana Gold Board (GoldBod) has incurred losses of GH₵22 billion.

Describing the claims as misleading and politically motivated, the MP accused Minority Leader Alexander Afenyo-Markin and the opposition of acting as _"Devil’s Advocate"_ to deceive Ghanaians.

Speaking on Rainbow Radio 87.5FM’s Frontline programme, Hon. Kpeli dismissed the allegations, stating that GoldBod did not record any trading losses in 2025. He pointed to the entity’s audited financial accounts which show a surplus.

He clarified that although the GH₵22 billion figure is indeed captured in the IMF documentation, it represents losses under the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP) and not GoldBod. According to him, GoldBod only served as a paid purchasing agent and did not bear financial risk on its own balance sheet.

_"Across 47 separate references to GoldBod in the 182-page IMF Staff Report, including paragraph 13, the Fund nowhere states or implies that GoldBod caused the losses or that the liability sits on GoldBod’s books,"_ he stressed.

The MP’s reaction follows a press conference on August 18 where the Minority Leader accused GoldBod of losing over GH₵22 billion based on the IMF report – a claim GoldBod CEO Sammy Gyamfi has also described as a _“barefaced lie.”_

Hon. Kpeli said the Minority is desperate to return to power in 2028 and is therefore manufacturing scandals to tarnish government and discredit GoldBod’s leadership, similar to the “incompetent” tag attached to former President John Mahama in 2016.

_"As MPs, we have all read the IMF report. The IMF confirms that DGPP losses rose from roughly US$400 million in 2024 to over $1.7 billion in 2025. There is no statement linking GoldBod to these losses. The IMF was cautioning the Bank of Ghana. But as Minority Leader, he plays the role of a devil’s advocate. He is doing everything possible to make the sitting government look bad,"_ he said.

He further noted that the opposition is still struggling to accept its defeat in the 2024 elections where its seats dropped from 137 to 88.

Calling on Ghanaians to disregard the Minority’s claims, Hon. Kpeli emphasized that the IMF is not mandated to determine financial infractions in Ghana. That responsibility, he said, lies with the Auditor-General, whose reports have cleared GoldBod of any financial losses.