The Centre for Policy Scrutiny (CPS) has thrown its support behind calls for an independent investigation into reported losses of US$1.7 billion associated with Ghana’s Domestic Gold Purchase Programme (DGPP).
The Centre says the reported figure, estimated at about GH¢22 billion, is a matter of significant public interest and warrants a comprehensive examination of the programme, its implementation and the financial exposure arising from it.
In a press release signed by Dr. Adu Owusu Sarkodie, Executive Director of the Centre, the CPS welcomed a fresh motion filed by the Minority in Parliament seeking an inquiry into the matter and backed Minority Leader Alexander Afenyo-Markin’s call for the establishment of an Ad Hoc Committee to investigate the reported losses.
According to the Centre, the proposed investigation must establish the exact nature and source of the reported losses, identify the transactions that generated them, and examine the institutions and financing arrangements involved.
It also wants the inquiry to scrutinise the basis for the reported US$1.7 billion figure to determine how the losses were calculated and what they represent.
The CPS further called for an examination of the respective roles of the Bank of Ghana (BoG) and GoldBod in the implementation of the DGPP, particularly how their responsibilities, financial exposures and transactions were accounted for.
The Centre said Parliament should also assess whether the programme has delivered value commensurate with the resources committed to it, including its wider implications for Ghana’s foreign exchange reserves and public finances.
For the CPS, any investigation must be transparent, evidence-based and bipartisan. It said the proposed committee should rely on audited accounts, transaction records, contracts and other relevant documentation to establish the facts.
The Centre believes such a process would help resolve competing claims surrounding the reported losses while strengthening accountability in the management of Ghana’s gold and foreign exchange resources.
The CPS is also urging Parliament to ensure that the eventual findings provide clear answers on what happened, why it happened, who bears responsibility and what measures are needed to prevent a recurrence.
Beyond the investigation, the Centre is calling for a redesign of the DGPP, arguing that the current structure is too generous and makes losses inevitable.
It recommends that the programme be redesigned to minimise costs and optimise its benefits, warning that the marginal benefits of the current arrangement may not remain positive indefinitely.
Source: Purefmonlinegh.com || 2026
