Domestic Gold Purchase Programme drained Bank of Ghana's finances - IMF

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Metrumu kankaen 1 day ago

But it brought billions of dollars and increased our reserves right?

But it brought billions of dollars and increased our reserves right?
JESUS IS GOD 1 day ago

Behold, today is the day of salvation”
— 2 Corinthians 6:2
Come to Jesus today; He is ready to receive
you.

Behold, today is the day of salvation”
— 2 Corinthians 6:2
Come to Jesus today; He is ready to receive
you.
Ablekuma Van Damme 1 day ago

IT BROUGHT IN BILLIONS FROM WHERE TO INCREASE WHICH RESERVE? HAVE YOU SEEN THAT RESERVE YOU ARE TALKING ABOUT WITH YOUR OWN EYES??? NDC RASCAL

TODAY NDC DOES NOT TRUST IMF REPORTS AND QUESTION IMF. MMOAA!! THE SAME IMF THE ...
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IT BROUGHT IN BILLIONS FROM WHERE TO INCREASE WHICH RESERVE? HAVE YOU SEEN THAT RESERVE YOU ARE TALKING ABOUT WITH YOUR OWN EYES??? NDC RASCAL

TODAY NDC DOES NOT TRUST IMF REPORTS AND QUESTION IMF. MMOAA!! THE SAME IMF THEY USED FOR CAMPAIGN.

THOSE SAYING IMF DOES NOT WANT GHANA TO SUCCEED, IF GHANA COLLAPSES WHAT BENEFIT DO THEY GET?? NDC VERANDA BOYS WHO USE PROPAGANDA FOR EVERYTHING
Where is Sammy Gyamfi? 1 day ago

We are waiting for your insults and attack on personalities for speaking the truth.

We are waiting for your insults and attack on personalities for speaking the truth.
Wisdom 18 hours ago

It even maintained our inflation and our currency is stable than before and of our food prices has come down compared last 4yrs
Is a positive policy.
Npp are criticise the same program that made loses of 400mil dollars an ...
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It even maintained our inflation and our currency is stable than before and of our food prices has come down compared last 4yrs
Is a positive policy.
Npp are criticise the same program that made loses of 400mil dollars and the same program but with huge impact in the economy of ghana is been seen us loses, all bcs of chip political useless gain.
Kwame not Quame 1 day ago

Billions of dollars and the government could not pay it's nurses,cocoa farmers and others
.Give me a break

Billions of dollars and the government could not pay it's nurses,cocoa farmers and others
.Give me a break
AKP 1 day ago

Government has also borrowed billions of dollars in the past that could not also do anything end up giving pensioners haircut to survive the country

Government has also borrowed billions of dollars in the past that could not also do anything end up giving pensioners haircut to survive the country
POURFENDEUR DE LA CORRUPTION/ANTI CORRUPTION 21 hours ago

Ghanaians made a mistake by bringing back unrepented government official 1. He deceived Ghanaians like how Satan desuaded Adam and Eve. Government official 1 is worse than before

Ghanaians made a mistake by bringing back unrepented government official 1. He deceived Ghanaians like how Satan desuaded Adam and Eve. Government official 1 is worse than before
POURFENDEUR DE LA CORRUPTION/ANTI CORRUPTION 21 hours ago

Ghanaians made a mistake by bringing back unrepented government official 1. He deceived Ghanaians like how Satan desuaded Adam and Eve. Government official 1 is worse than before

Ghanaians made a mistake by bringing back unrepented government official 1. He deceived Ghanaians like how Satan desuaded Adam and Eve. Government official 1 is worse than before
Borrowmia Nana Addo Kokain 1 day ago

IMF is just mischievous. They are not happy that Ghana is not borrowing from the cronies of the Bank. Why would they keep describing valuation losses as trading loss and not policy cost? UAS national Debt is more than US$$43 ...
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IMF is just mischievous. They are not happy that Ghana is not borrowing from the cronies of the Bank. Why would they keep describing valuation losses as trading loss and not policy cost? UAS national Debt is more than US$$43 trillion. What is IMF saying to that? Ghana should resist the pressure from IMF to abandon the monopoly of the Goldbod in the exportation of Gold for Ghana. IMF have hawks all over who have been deprived of stealing our gold in the cover of darkness with fundings provided by IMF. Ghana should never back off this decision. Every initiative has its initial challenges, but this get normalize with time as lessons get learned.

Mr. T 22 hours ago

Great observation. We need young people like u contributing to this platform. There are so many ignorant people on this platform and its sad. Great job

Great observation. We need young people like u contributing to this platform. There are so many ignorant people on this platform and its sad. Great job
Osei Kwabena 21 hours ago

Just sit in your chamber and defend Satan Gyamfi and the Mahama government. Ghana is in trouble.

Just sit in your chamber and defend Satan Gyamfi and the Mahama government. Ghana is in trouble.
Brian 21 hours ago

Cost benefit analysis could we have gotten the built up at a lower cost?Was snk of Ghaba Supoosed to be trading in Gold ir buy and sell?

Ghanaians are complaining of boss Sammy Gyamfi he thinks he knows more Economics th ...
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Cost benefit analysis could we have gotten the built up at a lower cost?Was snk of Ghaba Supoosed to be trading in Gold ir buy and sell?

Ghanaians are complaining of boss Sammy Gyamfi he thinks he knows more Economics than Ghanaians more corporate finance than Ghanaians More Accounting than Ghanaians and and IMF now Wakyi gu ho,

Go tell the IMF your are better than them qhen they are financing the country's development call a press conference and tell them they are liars!!!

Ego ego and pride arrogance now NDC See your level in international scene??

Bank of Ghana need to be recapitalised otherwise the goverment can't borrow on the weak balance sheet the world is watching now where us Isaac Adongo?

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Kiki 1 day ago

Nonsense. The IMF doesn't want the Gold purchase program to succeed, so that Ghana will continue borrowing from them. It is time for Ghana and other African nations to establish strong institutions that arrests and punishes p ...
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Nonsense. The IMF doesn't want the Gold purchase program to succeed, so that Ghana will continue borrowing from them. It is time for Ghana and other African nations to establish strong institutions that arrests and punishes politicians or anyone who causes the nations financial loss, so that we can develop our countries and tell all of the IMF and all these other organizations to go to hell. They were never set up to help black nations but to keep them indebted indefinitely. Nkwasisem.
WATCHMAN 1 day ago

When did the IMF become Ghana's minister of finance? The IMF is not in favour of the creation of Gold Board. They would rather want Ghana to liberalise gold trade even if it means Ghana's enslavement to the West.

When did the IMF become Ghana's minister of finance? The IMF is not in favour of the creation of Gold Board. They would rather want Ghana to liberalise gold trade even if it means Ghana's enslavement to the West.
Rose 1 day ago

We sabi say IMF no go say e good for Ghana NANIAMA

We sabi say IMF no go say e good for Ghana NANIAMA
Oko 1 day ago

Dr. Alter. Shut up!

Dr. Alter. Shut up!
Zargon 1 day ago

I NOW BELIEVE THAT THE IMF IS ON AN AGENDA.. EVIL ORGANISATION... IT ONLY TAKES NPP TO ALWAYS SLEEP WITH THE ENEMY. GULLABLE PEOPLE.

I NOW BELIEVE THAT THE IMF IS ON AN AGENDA.. EVIL ORGANISATION... IT ONLY TAKES NPP TO ALWAYS SLEEP WITH THE ENEMY. GULLABLE PEOPLE.
Peace 1 day ago

These IMF guys want to keep us always indebted to them and NPP is giving them oxygen for it. Look at the nonsense they're spueing out.

These IMF guys want to keep us always indebted to them and NPP is giving them oxygen for it. Look at the nonsense they're spueing out.

S H A M E SHAME Shame 1 day ago

The Imperialist Mo Fackas are trying to befuddle us for their benefit! All well meaning Ghanaians must ignore their bullshit narrative!

The Imperialist Mo Fackas are trying to befuddle us for their benefit! All well meaning Ghanaians must ignore their bullshit narrative!
Sally UK 1 day ago

International Institutions like the IMF, World Bank etc do not solve any country’s problems. They rather create problems for them so that they will continue to have relevance. If they solve all the countries’ problems w ...
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International Institutions like the IMF, World Bank etc do not solve any country’s problems. They rather create problems for them so that they will continue to have relevance. If they solve all the countries’ problems what will the workers at the institutions be doing? Any country that has developed did not go to such institutions, but in Africa because of gargantuan corruption we will always go to them for support!
Wise Man. 1 day ago

IMF.Leave Ghana alone.

IMF.Leave Ghana alone.
Kwesi 23 hours ago

But when you collapse your economy with corruption, reckless spending and over borrowing who do you turn to for help?

But when you collapse your economy with corruption, reckless spending and over borrowing who do you turn to for help?
The Last Don 1 day ago

I would want to know, what is IMF problem, because we are not willing to take their cut throat loans that's why they are saying all this things, have they ever said anything about tthe US?

I would want to know, what is IMF problem, because we are not willing to take their cut throat loans that's why they are saying all this things, have they ever said anything about tthe US?
Kwasi 1 day ago

Does Ghana's gold belong to the IMF? They never wish prosperity for any African country.
Pushing their borrowing interest on African countries to make us their slaves.
Is that what they do to the oil rich Arab countries?
...
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Does Ghana's gold belong to the IMF? They never wish prosperity for any African country.
Pushing their borrowing interest on African countries to make us their slaves.
Is that what they do to the oil rich Arab countries?
Always driving Africa down by hiding behind opposition parties in Africa.
We have sat down for them to ruined our cocoa sector with debts.
If they fail, they brand you undemocratic to bring in coup or rebels to destroy the country like they did to Libya.
TRUTH PREACHER 1 day ago

I´VE SAID IT MANY TIMES THAT IMF, WHO,UN, WORLD BANK ECT, ARE TOOLS OF THE WESTERN IMPERIALIST EMPIRE TO CONTROL THE GLOBE. ANYTIME SOME LEADER OR NATION RESIST THEIR CONTROL PROGRAMM THEY USES METHOD LIKE NOW TO SILENCE THE ...
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I´VE SAID IT MANY TIMES THAT IMF, WHO,UN, WORLD BANK ECT, ARE TOOLS OF THE WESTERN IMPERIALIST EMPIRE TO CONTROL THE GLOBE. ANYTIME SOME LEADER OR NATION RESIST THEIR CONTROL PROGRAMM THEY USES METHOD LIKE NOW TO SILENCE THEM. BUT THIER END HAS COME AND GHANA SHOULD JUST SEND THEM OUT OF COUNTRY. PERIOD!
Castro 1 day ago

Why is Sammy Gyamfi not challenging the IMF director? Why is Sammy Gyamfi not organising a press conference to deny what the director has put in the Ghanaian domain? Why is Sammy Gyamfi not insulting the IMF director?

Why ...
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Why is Sammy Gyamfi not challenging the IMF director? Why is Sammy Gyamfi not organising a press conference to deny what the director has put in the Ghanaian domain? Why is Sammy Gyamfi not insulting the IMF director?

Why is the OSP not interested in the 22 billion cedis loss investigation than Afenyo’s extortion claim by Sammy Gyamfi? Which of the cases involves more money?
The OSP is being compromised and so he’s decided to see no evil with NDC members and appointees. Time will tell!
Obibini 1 day ago

The BoG lost GHS60.1 billion under Akuffo Addo administration. Did the IMF say something about it? By the way, how many western countries borrow from them? They should leave African countries alone.

The BoG lost GHS60.1 billion under Akuffo Addo administration. Did the IMF say something about it? By the way, how many western countries borrow from them? They should leave African countries alone.
AKP 1 day ago

Why did the IMF not quantify the gains from the domestic gold purchase in dollars bring it out vis-avis the loss

Why did the IMF not quantify the gains from the domestic gold purchase in dollars bring it out vis-avis the loss

Kanewu 1 day ago

Instead of coming together to support our efforts to detach ourselves from this neocolonisation , we are stupidly fighting from some rubbish written by a whiteman. Do you think they are happy with us becoming self sustainin ...
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Instead of coming together to support our efforts to detach ourselves from this neocolonisation , we are stupidly fighting from some rubbish written by a whiteman. Do you think they are happy with us becoming self sustaining .
As Nkrumah said, mental slavery at its best now. So lets wise up .
How do you catch fish from the sea without using fish foodvto trap them, and do you count the food as cost or loss ? Food for thought .
Kofi 1 day ago

Was this in the model of the present Goldbod which was just recently established that's just our concern

Was this in the model of the present Goldbod which was just recently established that's just our concern
Kido 1 day ago

Why would you not say that? Remember that because of the GoldBod we have been able to settle our financial obligation, and we are now independent of the IMF's financial hold on us as a nation.

Institutions such as the IMF ...
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Why would you not say that? Remember that because of the GoldBod we have been able to settle our financial obligation, and we are now independent of the IMF's financial hold on us as a nation.

Institutions such as the IMF want us to be perpetually indebted to them, so that we can never develop. We have now seen the light, and henceforth we will do what is in the best interest of Ghana, our beloved country.
Kkasongo. 1 day ago

We are not coming for any loans. We will sell our gold and use the money.

We are not coming for any loans. We will sell our gold and use the money.
joebowy 1 day ago

Massa don't take everything coming from the IMF as the HOLY truth. IMF is a private financial group engaged in profit making ventures. If they see a country taking decisions that will dwindle their fortune in that country, th ...
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Massa don't take everything coming from the IMF as the HOLY truth. IMF is a private financial group engaged in profit making ventures. If they see a country taking decisions that will dwindle their fortune in that country, they will use technicalities to discourage the nation. About 16 times Ghana has been in and out of IMF programs what do we have to show?
Arkhosua 1 day ago

Uet we are okay as a country without borrowing from you, IMF. It saddens me that somw political parties are busy pushing for the IMF to recolonise us.

Uet we are okay as a country without borrowing from you, IMF. It saddens me that somw political parties are busy pushing for the IMF to recolonise us.
Arkhosua 23 hours ago

One upon a time, this same bank of Ghana wqs illegally printing money for a certain government and the IMF stayed mumb till our country became bankrupt.
Now that we are standing our own two feet, they have problems with out ...
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One upon a time, this same bank of Ghana wqs illegally printing money for a certain government and the IMF stayed mumb till our country became bankrupt.
Now that we are standing our own two feet, they have problems with out methods. Nonsense
Dan 23 hours ago

President Mahama, Ato Forson, Sammy Gyamfi respectfully. Please, do not listen to IMF. They are not happy with Ghana's economic gains. They want the country to fail so that we can return to them. Now we have stable economy, a ...
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President Mahama, Ato Forson, Sammy Gyamfi respectfully. Please, do not listen to IMF. They are not happy with Ghana's economic gains. They want the country to fail so that we can return to them. Now we have stable economy, all international financial institutions are not happy. As we all know, the primary reason financial institutions are set up is to give loans to make more money. If every country is doing well and they do not go for loan, how would they make money? Don't listen to them. They are authorized criminals.
Mr. T 22 hours ago

There are cynical motives behind these analysis. If u incurred a lose of 1.7b and brought in 17b what is the problem with that. Add the fact that the cedi was stabilized, inflation tamed and all its added benefits. We have li ...
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There are cynical motives behind these analysis. If u incurred a lose of 1.7b and brought in 17b what is the problem with that. Add the fact that the cedi was stabilized, inflation tamed and all its added benefits. We have listen to these guys for so long and we've gained nothing from it. Ghana continue with what ua doing, dont pay attention to these Rothschild advocates. They just want to take over ur gold and continue to impoverished the country.
Susubiribi 22 hours ago

These r the very same ppl u go to wen broke.
Put ur political lenses away

These r the very same ppl u go to wen broke.
Put ur political lenses away
Black Mamba 22 hours ago

Ghana needs to get out of any dealings with the IMF. The IMF doesn't help Africa at all, the bleed us and as soon as we Africans countries realize it the better off we will be. Now they telling Ghana were they are losing mone ...
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Ghana needs to get out of any dealings with the IMF. The IMF doesn't help Africa at all, the bleed us and as soon as we Africans countries realize it the better off we will be. Now they telling Ghana were they are losing money to cause confusions
Peter 22 hours ago

Nonsense report. What is the BoG for? The West want the BoG to pile up the money whiles the cedis remains a toilet paper

Nonsense report. What is the BoG for? The West want the BoG to pile up the money whiles the cedis remains a toilet paper
IB 22 hours ago

U guys should gerrout. What is the debt levels of US under DJT?

U guys should gerrout. What is the debt levels of US under DJT?
Sasabronsam 21 hours ago

The comments section is heartwarming

The comments section is heartwarming
Nee 21 hours ago

Is this guy also an NPP member?.

Is this guy also an NPP member?.
Osei Kwabena 21 hours ago

Can Satan Gyamfi defend the IMF explanation of the losses? Will Satan Gyamfi go after the IMF?
THIS IS A SHAME TO MAHAMA AND NDC GOVERNMENT.
WAKE UP GHANAIANS

Can Satan Gyamfi defend the IMF explanation of the losses? Will Satan Gyamfi go after the IMF?
THIS IS A SHAME TO MAHAMA AND NDC GOVERNMENT.
WAKE UP GHANAIANS
Reggae 21 hours ago

Ghana strategy:* Pay extra GH¢0.40 per dollar to miner to beat smuggler — creates BoG loss that grows when volume grows. 39.4 tonnes extra = $214m extra loss.
*Tanzania strategy:* Cut royalty 6% to 4% — miner keeps more ...
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Ghana strategy:* Pay extra GH¢0.40 per dollar to miner to beat smuggler — creates BoG loss that grows when volume grows. 39.4 tonnes extra = $214m extra loss.
*Tanzania strategy:* Cut royalty 6% to 4% — miner keeps more without BoG paying extra forex. No loss. Cost of refinery $36-71m disclosed.
*Uganda:* Cut royalty to 0.5%.
So all three have same refinery problem — NO LBMA, all send to London/SA — but Ghana is only one hiding two books.
Reggae 21 hours ago

Ghana strategy:* Pay extra GH¢0.40 per dollar to miner to beat smuggler — creates BoG loss that grows when volume grows. 39.4 tonnes extra = $214m extra loss.
*Tanzania strategy:* Cut royalty 6% to 4% — miner keeps more ...
read full comment

Ghana strategy:* Pay extra GH¢0.40 per dollar to miner to beat smuggler — creates BoG loss that grows when volume grows. 39.4 tonnes extra = $214m extra loss.
*Tanzania strategy:* Cut royalty 6% to 4% — miner keeps more without BoT paying extra forex. No loss. Cost of refinery $36-71m disclosed.
*Uganda:* Cut royalty to 0.5%.
So all three have same refinery problem — NO LBMA, all send to London/SA — but Ghana is only one hiding two books.
THINK 19 hours ago

IF WE DONT BUY THE GOLD DOMESTICALLY WHO BENEFITS?
IS THE IMF'S COUNTRY A BENEFICIARY? IF SO DONT EXPECT THEM TO APPLAUD ANYTHING THATS DISADVANTAGE THEM. THINK MY PEOPLE

IF WE DONT BUY THE GOLD DOMESTICALLY WHO BENEFITS?
IS THE IMF'S COUNTRY A BENEFICIARY? IF SO DONT EXPECT THEM TO APPLAUD ANYTHING THATS DISADVANTAGE THEM. THINK MY PEOPLE
francis 18 hours ago

My dear Ghanaians we all should be very careful of IMF they are trying thier best to throw dust into our eyes a word to all is enough

My dear Ghanaians we all should be very careful of IMF they are trying thier best to throw dust into our eyes a word to all is enough
Kojos 18 hours ago

Did NDC know that. Ghana is good for nothing.

Did NDC know that. Ghana is good for nothing.
At least we're enjoying a stable economy 18 hours ago

Thinking about all these noise about Goldbod, I'm enjoying a stable economy with the dollar pinned for 1.5years. One can get a breathing space to predict doing business within a year. Also prices of goods since beginning of 2 ...
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Thinking about all these noise about Goldbod, I'm enjoying a stable economy with the dollar pinned for 1.5years. One can get a breathing space to predict doing business within a year. Also prices of goods since beginning of 2025 have been stable. I can see road construction ongoing everywhere I pass. At least some live development in sight. From a neutral point of view, so far so good.

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Domestic Gold Purchase Programme drained Bank of Ghana's finances - IMF

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