The Minority Leader, Alexander Afenyo-Markin, has warned that officials responsible for the management of the Ghana Gold Board (GOLDBOD) will eventually be held accountable over reported losses linked to the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP).

Speaking to journalists on Tuesday (18 August) the Effutu MP said the parliamentary Minority would continue to demand explanations over what it considers significant financial losses to the state.

“The Minority will say this firmly and boldly. It doesn’t matter the adjectives you will use to attack our personality. We know that a day of reckoning will come. They should remember that post-regime accountability awaits them,” Afenyo-Markin said.

His comments follow an August 2026 review by the International Monetary Fund (IMF), which reported that the DGPP, implemented through GoldBod, recorded losses of more than $1.7 billion in 2025.

The IMF said the losses were equivalent to about 1.5 percent of Ghana’s Gross Domestic Product (GDP).

Afenyo-Markin said the Minority would not be deterred by criticism over its scrutiny of GoldBod and would continue to press the government and the institution for answers.

He also warned officials currently responsible for the programme that their decisions could be subjected to scrutiny in the future.

The Minority Leader’s comments come amid a growing political dispute over GoldBod’s financial performance and the treatment of losses associated with the domestic gold purchasing programme.

GOLDBOD Chief Executive Officer Sammy Gyamfi has rejected claims that the institution itself recorded losses, pointing instead to its audited 2025 financial statements, which he said showed an operational surplus of GHC907 million and an overall surplus of GHC5.4 billion.

The competing claims have intensified debate over how the DGPP’s financial results should be accounted for and who should bear responsibility for losses incurred under the programme.