Update 5 of 6
GoldBod Faces Calls for Major Cuts Amid Disputed Losses, Design Flaws and Macro Debate
Ghana's government is reportedly planning significant cuts to GoldBod following what economist Prof Bokpin describes as unsustainable losses, hidden fiscal costs, and avoidable design defects in the entity's structure. A parallel debate has emerged, with Manteaw arguing the $1.7 billion in reported losses is justified by forex stabilisation gains, while Bokpin cautions that GoldBod should not be credited for Ghana's broader macroeconomic improvement. The dispute has direct implications for investor confidence in Ghana's resource-sector governance and macroeconomic stability.
7 sources
- Don’t credit GoldBod for Ghana’s macroeconomic stability – Bokpin · myjoyonline.com · T3
- GoldBod has plugged gold smuggling leak and crowded in FX – Bokpin · myjoyonline.com · T3
- GoldBod losses: Why act like Ghana has never lost money on Gold? – Manteaw · myjoyonline.com · T3
- GoldBod’s real cost to Ghana far higher than reported losses – Bokpin · myjoyonline.com · T3
- GoldBod had ‘design defects’ that could have been avoided – Prof Bokpin · myjoyonline.com · T3
- GoldBod’s $1.7bn loss is worth it; forex gains have stabilised Ghana’s economy, Manteaw says · myjoyonline.com · T3
- GoldBod losses too costly to sustain, govt plans major cut, says Bokpin · myjoyonline.com · T3