External auditors to review DGPP purchases from 2021 - GoldBod CEO

The Ghana Gold Board (GoldBod) has disclosed that an independent audit is underway to examine the Domestic Gold Purchase Programme (DGPP) from its launch in 2021.

The Chief Executive Officer of GoldBod, Sammy Gyamfi, said the exercise is expected to shed more light on the programme’s financial performance amid concerns over significant losses reportedly recorded by the Bank of Ghana (BoG).

Speaking at the Government Accountability Series on Wednesday, August 19, 2026, Gyamfi said the audit covers the entire period since the programme began.

He expects the findings to be ready by the third quarter of 2026.

Sammy Gyamfi cited figures contained in a recent International Monetary Fund (IMF) report, which he said put losses associated with the programme at about GH¢22 billion in 2025, representing approximately 1.5% of Ghana’s GDP.

He further said the IMF had reported losses of about $400 million in 2024 and $1.7 billion in 2025 in relation to the Bank of Ghana’s operations under the domestic gold purchasing arrangement.

According to him, the ongoing audit will provide an independent assessment of how the programme was managed and the financial outcomes recorded since its inception.

Gyamfi also rejected suggestions that the IMF had attributed the reported losses to GoldBod.

He said the outcome of the special audit should help clarify the respective roles and financial implications associated with the programme and provide a more complete account of its operations since 2021.