GH¢1.7 billion GoldBod 'loss' mostly accounting issue – IEA

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THE GCC GULF ARAB STATES ARE EXTREMELY WEALTHY AND TAX-FREE ECONOMIES BECAUSE THEY DO NOT HAVE ANY BUSINESS WITH THE BRETTON-WOODS INSTITUTIONS FOR FCUKING LOANS. 9 hours ago

SO ARE IMF/WORLD BANK LOANS NOT LOANS? GET THE DAMN IMF/WORLD BANK AND OTHER BRETTON-WOODS INSTITUTIONS OUT OF FCUKED UP GHANA FOR GOODNESS SAKE, MAHAMA!

WHAT'S WRONG WITH BLACK AFRICA LEADERS? THOSE BRETTON-WOODS INSTITUT ...
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SO ARE IMF/WORLD BANK LOANS NOT LOANS? GET THE DAMN IMF/WORLD BANK AND OTHER BRETTON-WOODS INSTITUTIONS OUT OF FCUKED UP GHANA FOR GOODNESS SAKE, MAHAMA!

WHAT'S WRONG WITH BLACK AFRICA LEADERS? THOSE BRETTON-WOODS INSTITUTIONS WERE NOT FORMED FOR AFRICA. THEY WERE FORMED TO REBUILD WAR-RAVAGED EUROPE WITH LOANS TO EUROPEAN NATIONS, AND NOT AFRICA.

THE GCC GULF ARAB STATES ARE EXTREMELY WEALTHY AND TAX-FREE ECONOMIES BECAUSE THEY DO NOT HAVE ANY BUSINESS WITH THE BRETTON-WOODS INSTITUTIONS FOR FCUKING LOANS.

WHAT'S WRONG WITH AFRICA'S LEADERS? DON'T THEY GET IT? THOSE BRETTON-WOODS INSTITUTIONS ARE NOT MEANT FOR AFRICA, SO AFRICA WILL NEVER GROW AND DEVELOP WITH IMF LOANS,

IMF LOANS WILL NEVER GROW GHANA EVEN IF THOSE LOANS WERE USED FOR CONSTRUCTING GOLD-PAVED ROADS IN GHANA, LET ALONE LOOTED BY GHANA'S LEADERS THE LIKES OF KUFUOR AND AKUFO-ADDO.
Capricorn 8 hours ago

Those loose heads will not consume any tangible explanation. To them, it's either their way or the high way

Those loose heads will not consume any tangible explanation. To them, it's either their way or the high way
TAKE OR PAY DEMON 2 hours ago

Is the IEA trying to say that the loses are notional or what. In one breath the IEA is saying that the economy has been stabilised and so where from the foreign exchange differentials to that huge amount. Please, stop the gas ...
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Is the IEA trying to say that the loses are notional or what. In one breath the IEA is saying that the economy has been stabilised and so where from the foreign exchange differentials to that huge amount. Please, stop the gastronomic theories and speak the truth.
Ablekuma Van Damme 1 hour ago

FIRST THE BABY WITH SHARP TEETH SAMMY GYAMFI LIED AND SAID THERE WAS NO LOSS.

HE CAME AGAIN AND SAID THERE WAS A LOSS BUT IT BELONGS TO BANK OF GHANA.

NOW IEA SAYS THE LOSS IS ACCOUNTING ISSUE.

MMOAA!!! WHEN THERE I ...
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FIRST THE BABY WITH SHARP TEETH SAMMY GYAMFI LIED AND SAID THERE WAS NO LOSS.

HE CAME AGAIN AND SAID THERE WAS A LOSS BUT IT BELONGS TO BANK OF GHANA.

NOW IEA SAYS THE LOSS IS ACCOUNTING ISSUE.

MMOAA!!! WHEN THERE IS PROFIT IT IS GOLDBOD. WHEN THERE IS LOSS IT IS BANK OF GHANA. CRIMINALS!!
Ansarewa Kum 48 minutes ago

Eiiiii IEA TOO. A LOSS IS A LOSS. WHETHER ECONOMIC OR ACCOUNTING IT INDICATES A DYSFUNCTIONAL SYSTEM. IF IT IS AN IMBALANCE IT SIGNIFIES MONEY IS POURING OUT INTO AN AREA WHICH IS WRONG. NDC ALWAYS AND ALWAYS WRITES ITS OWN R ...
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Eiiiii IEA TOO. A LOSS IS A LOSS. WHETHER ECONOMIC OR ACCOUNTING IT INDICATES A DYSFUNCTIONAL SYSTEM. IF IT IS AN IMBALANCE IT SIGNIFIES MONEY IS POURING OUT INTO AN AREA WHICH IS WRONG. NDC ALWAYS AND ALWAYS WRITES ITS OWN RULES INCLUDING NEW ACCOUNTING STANDARDS. ARE YOU GUYS NOT ASHAMED OF YOUR IDIOCY AND STUPIDITY? THE COMMISSION PAYMENTS, LEGAL FEES AND ALL ARE GOIN TO PARTY FUNCTIONARIES AND KNOWN BUT UNNAMED PEOPLE. ONE DAY ONE DAY. HARASSMENT AND BULLYING WILL NOT MAKE PEOPLE QUIET. QUESTIONS WILL BE ASKED AND ANSWERS WILL BE EXPECTED AT THE RIGHT TIME. GOD IS ALSO WATCHING. WHERE ARE THE MEN OF GOD AND CSO’s?
RUBBISH IEA RUBBISH YOUR PROPAGANDA 7 hours ago

WHY DONT YOU YOU IEA PEOPLE PROTECT YOUR INTERGRITY RATHER TAKING NOKOFIOS TO SPOIL YOUR REPUTATION? WHO WILL BELIEVE THESE LIES IEA HAS BEGUN SPREADING? STOP THIS FOOLISHNESS IF YOU INDEED RESPECT YOURSELVES AS THE HIGHEST E ...
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WHY DONT YOU YOU IEA PEOPLE PROTECT YOUR INTERGRITY RATHER TAKING NOKOFIOS TO SPOIL YOUR REPUTATION? WHO WILL BELIEVE THESE LIES IEA HAS BEGUN SPREADING? STOP THIS FOOLISHNESS IF YOU INDEED RESPECT YOURSELVES AS THE HIGHEST ECONOMIC INSTITUTION IN GHANA.NO AMOUNT OF LIES CAN REPLACE THE STOLEN 1.7 BILLION DOLLARS FROM GOLDBOD.
Tonyb 8 hours ago

Educate the ignorant politicians for me Exchange Gain or Loss is a normal accounting practice It does not mean the managers of those institutions are Incompetent or have embezzled funds Period and so they should stop the unes ...
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Educate the ignorant politicians for me Exchange Gain or Loss is a normal accounting practice It does not mean the managers of those institutions are Incompetent or have embezzled funds Period and so they should stop the unessary noise and stop exposing their ignorance
John,Tema 7 hours ago

If it's not important why would Accounting Financial Reporting Standards (FRS) and other Concepts demand that it shd be reported in GoldBod Books? It's the same reason why IMF has ordered BoG to stop that relationship with G ...
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If it's not important why would Accounting Financial Reporting Standards (FRS) and other Concepts demand that it shd be reported in GoldBod Books? It's the same reason why IMF has ordered BoG to stop that relationship with GoldBod for that Loss to be shown in their Books.Yes no money has been taken out but the cumulative effect of Forex Exchange Losses can have effect on GoldBod's performance
Peace 8 hours ago

Am even so surprised at these NPP guys. This is so basic yet they want to do propaganda with it.

Am even so surprised at these NPP guys. This is so basic yet they want to do propaganda with it.
@ Peace 1 hour ago

Of course you will be surprised. Do you remember the noise the NDC made when BOG reported a loss during the previous administration, these same people defending today were shouting the loudest that the then governor should be ...
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Of course you will be surprised. Do you remember the noise the NDC made when BOG reported a loss during the previous administration, these same people defending today were shouting the loudest that the then governor should be investigated. So what has changed?

Afenyo is becoming scam now 8 hours ago

We are developing but these guys are taking us back

We are developing but these guys are taking us back
Ad 8 hours ago

All lost be lost

All lost be lost
Kay 7 hours ago

Not at all, otherwise KFC will not be here today. In life you have to lose something to gain something. If you dont get this then sorry ...

Not at all, otherwise KFC will not be here today. In life you have to lose something to gain something. If you dont get this then sorry ...
Kay 7 hours ago

After their gullibility and daftness has been exposed, they now telling us its an accountung issue. Such stupidity.

After their gullibility and daftness has been exposed, they now telling us its an accountung issue. Such stupidity.
Nsafoah 6 hours ago

Don't mind them. Accounting doesn't generate losses, it only record and explain events to show financial positions from financial activities, so if things went wrong, it is rather their bad practices that caused that, and the ...
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Don't mind them. Accounting doesn't generate losses, it only record and explain events to show financial positions from financial activities, so if things went wrong, it is rather their bad practices that caused that, and they must account for that. Politicians are the same, I'll always say. They're crooks and thieves sponsored by criminals to loot and use government offices for their activities, including the installation of that samy gyanfu boy at the golbod as a pawn. He is just de-facto, it is not ordinary. This country is sinking day-in-day-out because of our useless politics and stupid leaders.
Okay 6 hours ago

Look at another incompetent Propaganda institution,don't take Ghanaians for granted ok

Look at another incompetent Propaganda institution,don't take Ghanaians for granted ok
HAPPY DAYS 6 hours ago

IEA,can you also explain to Ghanaians why there is alleged disappearance of data on transactions between GoldBod and BoG and also why Sammy Gyamfi offered insults as explanations? They better tell Ghanaians where the $1.7bill ...
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IEA,can you also explain to Ghanaians why there is alleged disappearance of data on transactions between GoldBod and BoG and also why Sammy Gyamfi offered insults as explanations? They better tell Ghanaians where the $1.7billion is because it is too big for few rogues to enjoy on top of the Aksa $600million.
KOFI tamale 6 hours ago

IEA ANOTHER NDC APPENDAGE.

IEA ANOTHER NDC APPENDAGE.
POURFENDEUR DE LA CORRUPTION/ANTI CORRUPTION 5 hours ago

The crooks and thieves in the country have found their voices. Were we not told the cedi has stabilized against the dollar? So, where from this forex differential loses? On top, GoldBod was given a tax holiday. When the previ ...
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The crooks and thieves in the country have found their voices. Were we not told the cedi has stabilized against the dollar? So, where from this forex differential loses? On top, GoldBod was given a tax holiday. When the previous government initiated gold for oil and there were minimal losses. It became a campaign tool. These are snake tongue individuals heading these institutions. They're bootlickers and sycophants
Exactly 4 hours ago

Could that idiotic so-called Dr. tell Ghanaians how many days did goldbod loose because of currency exchange compared to how many days they made profit. As long as I can tell this NDC government, for propaganda purposes, hav ...
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Could that idiotic so-called Dr. tell Ghanaians how many days did goldbod loose because of currency exchange compared to how many days they made profit. As long as I can tell this NDC government, for propaganda purposes, have been manipulating the value of the Ghana cedi so the Ghana cedi can have a higher value than it really should be. If what this quack Dr is saying is true, the losses would be around 1 billion Ghana cedis and not 22 billion Ghana cedis

POURFENDEUR DE LA CORRUPTION/ANTI CORRUPTION 5 hours ago

The crooks and thieves in the country have found their voices. Were we not told the cedi has stabilized against the dollar? So, where from this forex differential loses? On top, GoldBod was given a tax holiday. When the previ ...
read full comment

The crooks and thieves in the country have found their voices. Were we not told the cedi has stabilized against the dollar? So, where from this forex differential loses? On top, GoldBod was given a tax holiday. When the previous government initiated gold for oil and there were minimal losses. It became a campaign tool. These are snake tongue individuals heading these institutions. They're bootlickers and sycophants destroying the country
Nkwaseafuo 5 hours ago

No amount of propaganda will erase that humongous loss.

No amount of propaganda will erase that humongous loss.
kakai 5 hours ago

Joke of the century

Joke of the century
Truth 5 hours ago

I advise Darku to go to his own people at Ho and tell them this story if they will believe him. Please let us call spade a spade and stop the image repairing antics.

I advise Darku to go to his own people at Ho and tell them this story if they will believe him. Please let us call spade a spade and stop the image repairing antics.
Exactly 4 hours ago

I assumed he was a Trokosi by the spelling of his name. My question is, how come Trokosis are so devious? What environmental aspects of life causes them to be so devious?

I assumed he was a Trokosi by the spelling of his name. My question is, how come Trokosis are so devious? What environmental aspects of life causes them to be so devious?
Fact 4 hours ago

FX loss?. The same exchange rate that the bank and NDC claims they have stabilised?. How come an FX Loss.

FX loss?. The same exchange rate that the bank and NDC claims they have stabilised?. How come an FX Loss.
Asiedu..They was a Swallow 4 hours ago

Whether Bank of Ghana or GoldBod there was a loss as a result of GoldBod trading in God.ls this simple thing difficult to understand.

Whether Bank of Ghana or GoldBod there was a loss as a result of GoldBod trading in God.ls this simple thing difficult to understand.
Asiedu..They was a Swallow 4 hours ago

Trading in Gold

Trading in Gold
KOFI DOKU..Standards 4 hours ago

There's a reporting standard for financial statements all over the world. The IFRS is the authorization entity that controls that.IMF follow such standards and the said there was a 1.
7 billion dollars loss as a result of Go ...
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There's a reporting standard for financial statements all over the world. The IFRS is the authorization entity that controls that.IMF follow such standards and the said there was a 1.
7 billion dollars loss as a result of GoldNod trading in Gold.Why do some Ghanaians and NDC trying to refute this simple principle. God help us ..PLEASE!!
Kwaku 3 hours ago

Could have, should have etc.
Just present the facts. DO not make assumptions.
If you know for are fact that these are accounting losses then present them for all to see.
Saying "could have been.." etc is just excuses

Could have, should have etc.
Just present the facts. DO not make assumptions.
If you know for are fact that these are accounting losses then present them for all to see.
Saying "could have been.." etc is just excuses

Boat STOP THAT NONSENSE. 3 hours ago

NPP ama darku Should read this piece and stop her effusion against Sammy Esq.
Sammy doesn't owe anyone, it won't stick, they should get a message for 2028.
Gyimi s3m saa na 2028.

NPP ama darku Should read this piece and stop her effusion against Sammy Esq.
Sammy doesn't owe anyone, it won't stick, they should get a message for 2028.
Gyimi s3m saa na 2028.
Dogo Moosi 3 hours ago

You are very stupid to say he doesn't owe anyone. He's a caretaker of a state institution and owes the taxpayers' explanations as and when needed which is backed by law. There are allegations raised against his operations and ...
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You are very stupid to say he doesn't owe anyone. He's a caretaker of a state institution and owes the taxpayers' explanations as and when needed which is backed by law. There are allegations raised against his operations and the taxpayers demand explanations and you say what?? You were definitely wearing a rain coat and carrying an umbrella when sense was raining. You these hungry stupid political footzombies are the true problem of Ghana, not the idiotic leaders per sey. Aboaba!
Kj 3 hours ago

The best explanation will come. The future Eoco will be very interesting and beautiful basaaa

The best explanation will come. The future Eoco will be very interesting and beautiful basaaa
Free Radical 3 hours ago

You folks don’t know what you’re talking about.It is not accounting issues but extravagant and corruption.IEA instead of telling the truth rather supporting and encouraging corruption.Why is Ghanaians so evil doing harm t ...
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You folks don’t know what you’re talking about.It is not accounting issues but extravagant and corruption.IEA instead of telling the truth rather supporting and encouraging corruption.Why is Ghanaians so evil doing harm to their own country supporting and encouraging corruption for a group of criminals to loot Ghana money and resources.

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GH¢1.7 billion GoldBod 'loss' mostly accounting issue – IEA

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