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GOLDBOD faces fresh transparency concerns over missing quarterly reports
August 26, 2026
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GOLDBOD faces fresh transparency concerns over missing quarterly reports

Money
Policy

Key Points

  • The Ghana Gold Board (GOLDBOD) is facing renewed scrutiny over allegations by the Institute of Economic Research and Public Policy (IERPP) that quarterly trading reports have been removed from its website.
  • IERPP demands GOLDBOD explain the disappearance of these documents, citing Section 42 of the Ghana Gold Board Act, 2025 (Act 1140), which mandates public access to reports on operations, revenue, contracts, expenditure, and responsible sourcing.
  • The think tank has issued six specific demands, including the restoration of all previously published reports, explanations for any changes, and the establishment of a permanent public archive.
  • IERPP also calls for detailed disclosure of financial transaction costs like off-taker fees, trading margins, discounts, and assay charges to enable independent scrutiny.
  • The institute emphasizes that GOLDBOD's transparency is crucial given its role in managing Ghana’s strategic gold reserves, its significant public financial interests, and implications for the nation's foreign exchange earnings and central bank.

Why This Matters

This issue is critical for Ghana as GOLDBOD manages the nation's strategic gold reserves and has significant public financial interests. The alleged lack of transparency undermines public accountability, potentially impacting Ghana's foreign exchange earnings, gold exports, national reserves, and the financial stability of the central bank. It also questions the enforcement of a key law (Act 1140) designed to ensure oversight of a vital national resource.

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