Atewa East Member of Parliament, Abena Osei-Asare, has issued a forceful call for a comprehensive investigation into the reported financial losses incurred by the Ghana Gold Board (GOLDBOD), demanding immediate action from President John Dramani Mahama.
According to the former Deputy Finance Minister, the reported losses, totaling a staggering $1.7 billion, represent a significant concern and require meticulous scrutiny, particularly concerning the adequacy of safeguards protecting public funds. Osei-Asare highlights that the reported losses are allegedly attributed to the International Monetary Fund (IMF), prompting her to urge the government to initiate a thorough investigation.
Osei-Asare emphasizes the critical importance of examining the circumstances surrounding these losses, asserting that the situation presents a potential opportunity cost – the potential for diverting funds to sectors with a far greater impact on the Ghanaian people. Specifically, she points to the potential for utilizing GH¢6 billion to bolster the health sector, recruiting unemployed nurses, a critical area currently facing severe staffing shortages.
Speaking to journalists on Tuesday, August 11, Osei-Asare further voiced her concerns regarding the President’s previous commitment to reviewing the performance of state-owned enterprises, particularly those struggling or failing to generate sufficient returns. She contends that President Mahama must fulfill this obligation by initiating a thorough review of GOLDBOD’s operations, emphasizing accountability in the management of public resources.
Osei-Asare explicitly stated that the Bank of Ghana’s recent spending on GOLDBOD from July 1st, 2026, is a concerning development, suggesting a potential shift in priorities. She requests a clear demonstration of President Mahama’s commitment to addressing this situation, stating unequivocally that he must walk the talk – actively investigate and resolve the reported financial challenges at GOLDBOD.
Furthermore, she stresses the need for a comprehensive review to determine the extent of the financial challenges and establish accountability within the GOLDBOD’s management. The urgency of this investigation stems from the potential for significant financial repercussions and the need to safeguard public funds, as Osei-Asare argues, that some of the reported losses could have been channeled into areas that would directly benefit Ghanaians, directly impacting vital sectors like healthcare.
This call underscores a growing concern within Parliament regarding the stability and transparency of the Ghana Gold Board, demanding a swift and decisive response from the executive branch.
**Sources:**
* Ghanaian Tribune – [Insert Link if Available]
* Ghana Business News – [Insert Link if Available]
* Adom Online – [Insert Link if Available]
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Source: Adom Online
