The Minority Caucus in Parliament has intensified its demand for accountability from the Ghana Gold Board (GoldBod), calling for a parliamentary inquiry into losses associated with the Bank of Ghana’s Domestic Gold Purchase Programme.

In a statement dated August 22, 2026, and signed by Deputy Minority Leader, Patricia Appiagyei, the Minority said the demand follows a series of public statements made by GoldBod Chief Executive Officer, Sammy Gyamfi, between August 17 and 22 in response to questions raised by the Caucus concerning GoldBod’s financial position and the management of the Domestic Gold Purchase Programme.

The Minority rejected suggestions that it had invented or exaggerated the reported losses associated with the programme.

According to the Caucus, the losses were identified in an official report by the International Monetary Fund (IMF), which it described as an independent and internationally respected institution.

The Minority said its concern is to obtain a full and transparent reconciliation between the losses identified in the IMF report and GoldBod’s own audited financial statements.

The Caucus maintained that questioning the financial management of a major public programme falls squarely within Parliament’s oversight responsibilities. It therefore argued that the issues raised should be addressed through facts, documentation and accountability rather than through disagreements over which political actor has the right to raise questions about the programme.

Minority Rejects Personal Allegations

The statement also accused Gyamfi of directing what it described as personal characterisations at members of the Minority, including Minority Leader Alexander Afenyo-Markin, in the course of responding to the Caucus’ concerns.

The Minority said it would not respond to the alleged personal attacks in similar fashion, but firmly rejected what it described as false allegations against its members.

The Caucus stressed that parliamentary scrutiny of the operations and finances of a public institution is a fundamental component of democratic accountability and should not be portrayed as wrongdoing.

According to the Minority, public officials are expected to conduct themselves with civility, restraint and respect, citing standards contained in the Code of Conduct and Ethics for political appointees.

The Caucus said it expects all public officials, including the Chief Executive Officer of GoldBod, to adhere to those standards and indicated that it would pursue appropriate institutional channels regarding the matter.

Minority Wants GoldBod Before Parliament

Rather than allowing the dispute to continue through public exchanges, the Minority called for GoldBod to appear before a Parliamentary Inquiry.

The Caucus wants the inquiry to examine the losses identified in the IMF report and reconcile them with GoldBod’s audited financial statements.

The Minority said such an exercise would provide an opportunity for the relevant figures and transactions to be examined under parliamentary scrutiny and would allow the public record to be established on the basis of evidence.

“We remain committed to raising legitimate questions about the management of public assets in a manner that is factual, measured and consistent with the dignity of public office,” the Caucus stated.

The statement further said the Minority would continue to update the public as the matter progresses.