The Member of Parliament for Kade and Vice Chairman of Parliament’s Budget Committee, Alexander Agyare, has criticised the government’s fiscal management, citing what he described as unrealistic revenue projections and a lack of transparency surrounding an alleged $240 million loss linked to GoldBod and the Bank of Ghana.

Speaking on the sidelines of parliamentary proceedings, Mr Agyare expressed concern over the gap between projected government revenues and actual funds received by state institutions.

He argued that despite falling short of targets in 2025, the government has set even higher revenue expectations for 2026, which he believes are not grounded in economic realities.

He also raised alarm over what he termed “ghost releases” to ministries, departments and agencies (MDAs), explaining that some institutions appear to have been allocated funds on paper that are not reflected in their accounts.

“In 2025, the government failed to make releases, and some MDAs had figures posted into their accounts that did not correspond with actual disbursements,” he said, pointing to the Controller’s office as a key area of concern.

Beyond these issues, Mr Agyare called for clarity on reports of a loss exceeding $240 million tied to transactions between GoldBod and the Bank of Ghana under a gold-backed currency support programme.

“The people of Ghana deserve answers. We cannot lose over $240 million and remain silent on the matter,” he stressed, adding that the Budget Committee will intensify its oversight to ensure greater accountability in public financial management.