Director of Operations for the United Party (UP), Hopeson Yaovi Adorye, has criticised the opposition New Patriotic Party (NPP) over its stance on losses incurred by the Ghana Gold Board (GoldBod) in gold purchases for the Bank of Ghana (BoG).
Speaking on Onua TV’s morning show, Maakye, on Wednesday, August 19, 2026, he described the NPP as “a problem to the country”, comparing the economy under the erstwhile Akufo-Addo administration to that of the current government.
According to him, GoldBod’s role in gold purchases retained significant forex in the country and helped stabilise the cedi, bringing relief to businesses, unlike the previous administration where cedi depreciation disrupted businesses.
“Let’s not treat the NPP as a political party but as a problem to the country. Which businessman would prefer Akufo-Addo’s economy to today’s? Under the previous administration, you needed ¢1.7 million to get $100,000 and it is now ¢1.1 million because the cedi is trading at ¢11.1 to the dollar,” he said.
His comments come on the back of the Minority’s call for GoldBod to account for its losses on the gold purchases.
Adorye also referenced comments made by Minority Leader, Alexander Kwamena Afenyo-Markin, on KSM’s show some time ago, making him describe the recent developments as a mere propaganda to disrupt the government.
“He (Afenyo-Markin) said on KSM’s show that if they sit aloof, the NDC will rule forever, looking at the way they are ruling. So sometimes, they need to push some lies to create controversy and distract them. Everyone should know their utterances are all propaganda. They should know those costs are as a result of forex retention. It doesn’t mean someone has taken the money,” he added.
His comments come amid concerns over losses incurred by GoldBod in its domestic gold purchase programme.
The Minority Leader in Parliament, Alexander Kwamena Afenyo-Markin, on Tuesday, August 18, 2026, at a press conference maintained that the Minority’s concerns over the reported GH¢22 billion loss linked to GoldBod are not politically motivated.
He said the concerns were being raised because Ghanaians deserved clear information on how public funds were being used in GoldBod’s domestic gold purchasing programme.
He said the figures cited by the Minority were contained in an International Monetary Fund (IMF) report on Ghana and were therefore not figures manufactured by the opposition.
According to him, the IMF identified losses of about US$1.7 billion, equivalent to approximately GH¢22 billion, from the domestic gold purchasing programme in 2025.
He said the IMF attributed the losses to service and assay fees, discounts on gold sold to off-takers and exchange-rate differences between the rates used to purchase gold and the reference rate used by the Bank of Ghana for accounting purposes.
The Minority Leader said the reported losses should be subjected to public scrutiny because GoldBod played a central role in buying, aggregating, assaying and exporting the gold, while the Bank of Ghana provided the financing.
GoldBod losses in gold purchases for BoG not sustainable – Bokpin
