Audio By Carbonatix
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says the institution is no longer operating as a gold-buying agent for the Bank of Ghana (BoG), following the end of the Domestic Gold Purchase Programme (DGPP).
He explained that GoldBod now has the mandate to independently purchase and sell gold in Ghana and provide the foreign exchange generated from its operations to the Bank of Ghana.
Mr Gyamfi said the change in mandate means GoldBod should no longer be described as an agent implementing the former government's Domestic Gold Purchase Programme on behalf of the central bank.
“The Domestic Gold Purchase Programme by the erstwhile NPP government has ended long ago. Anyone who claims GoldBod is undertaking that programme isn't being truthful,” he said.
Speaking on Twitter Spaces on Sunday, August 9, Mr Gyamfi said GoldBod’s current operations are based on its own statutory mandate and are distinct from the previous arrangement under which the Bank of Ghana purchased gold domestically.
Latest Stories
-
Be careful with cross-border lending, foreign currency exposures – BoG to financial institutions
2 hours -
GPL 2026/27: Medeama go three clear as Hearts of Oak recover and Bechem stage stunning comeback
2 hours -
Ntiamoah Foundation launches “BEYOND 20” anniversary campaign
3 hours -
Credit Risk Management Directive: BoG to begin implementation for banks, others from July 1, 2027
3 hours -
Ghana Brands Awards 2026: Leading brands, business trailblazers to shine on November 20
3 hours -
T-bills auction: Demand improves as government exceeds target by about 76%; interest rates soften
3 hours -
Ziope undertakes initiative to build a technologically inclined community, commissions self-help ICT lab
4 hours -
ECG announces power outage in parts of Tema, Central Region due to network fault, maintenance
4 hours -
When the Gospel Becomes a Weapon: The church, blackmail and the abuse of faith
5 hours -
JoyNews’ Jacqueline Ansomah Yeboah selected for UK Media Excellence for Emerging Technologies Fellowship
5 hours -
Mental Health Alliance urges government to operationalise Mental Health Fund
5 hours -
Ghana–Holy See agreement heads to Parliament after Cabinet approval
5 hours -
Luv FM Corporate Games 2026: Kumasi Central Prisons, Amanfiman Bank win big amid fun
5 hours -
WAFU B U17: Ghana top Group A after win over Togo
6 hours -
Ho Central Mosque reopens amid unresolved leadership dispute that led to closure
7 hours