The Minority in Parliament is calling for a thorough investigation and accountability into the US$214 million loss incurred through the Gold-for-Reserves programme.
It has accused the Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, of oversight failure in allowing the said losses to be made.
According to the Minority, the probe and accountability are crucial since the public confidence in the nation’s financial institutions is highly dependent on accountability and transparency.
Deputy Minority Leader and Asokwa MP, Patricia Appiagyei, addressing the media on Thursday, January 8, 2026, warned of the erosion of public trust in the central bank and the broader financial governance framework.
The caucus wants politically exposed persons to be held accountable for their work and not be shielded from scrutiny, especially when state funds are involved.
“The institution that funds the Gold-for-Reserves programme, the institution whose balance sheet bears the $214 million loss. The institution that should have provided rigorous oversight, Under the Governor’s watch, these losses occurred. Excessive fees were allowed, trading losses mounted, controls failed and when the IMF exposed these losses, the Bank of Ghana issued a press release dismissing the IMF’s concern instead of scrutiny.
“As Governor, he must answer. What oversight did the Bank of Ghana provide, when did they become aware of losses and why defend and deny rather than investigate? Who approved the off-takers contract?
“Critically, as someone who benefitted from the nolle prosequi, does he not see the public concern when accountability questions arise again around politically exposed actors?” Madam Appiagyei said.
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