Minority Leader Alexander Kwamena Afenyo-Markin, has rejected what he describes as false and defamatory allegations questioning his motives for demanding accountability over losses linked to the Bank of Ghana’s Domestic Gold Purchase Programme.
According to him, the controversy should not be allowed to shift attention from the substantive financial questions raised by the Minority, particularly regarding the reported US$1.7 billion loss under the programme in 2025 and the role of the Ghana Gold Board in the transactions.
In a Facebook post made on Saturday, August 22, 2026, the Minority Leader Effutu lawmaker said he had come under sustained personal attacks over the past week after questioning the financial implications of the programme.
“Over the past week, all manner of insults and personal attacks have been directed at me, apparently in an attempt to impugn my character and divert attention from the substantive questions I have raised,” he stated.
Afenyo-Markin noted that attempts have also been made to attribute improper motives to his scrutiny of the programme. “False and defamatory allegations have also been made about my motives for questioning the losses incurred under the Bank of Ghana’s Domestic Gold Purchase Programme and the role of GoldBod in those transactions,” he revealed.
However, the Effutu legislator fiercely rejected the claims, saying “these allegations are entirely false, and I reject them without qualification.”
He explained that his intervention is rooted in Parliament’s constitutional responsibility to scrutinise public institutions and to demand explanations where questions arise over the management of public resources.
“As Minority Leader in Parliament, my responsibility is to help Parliament discharge its constitutional oversight function.”
He maintained that his actions were not driven by personal interest or any improper agenda.“My actions have been guided solely by that responsibility. I have neither acted from any improper motive nor conducted myself inappropriately in the performance of my duties.”
The comments come on the back of a public exchange between Mr Afenyo-Markin and GoldBod Chief Executive Sammy Gyamfi, following concerns raised by the Minority about the reported loss under the DGPP and the interpretation of the figures involved.
The dispute, which has intensified in recent days, centres on the extent of GoldBod’s involvement in the transactions and whether the reported losses should be attributed directly to the Board or the BoG.
This comes at a time when the IMF has also flagged concerns about the losses associated with the central bank’s domestic gold purchasing operations.
GoldBod, which plays a central role in Ghana’s gold purchasing and aggregation framework, has disputed interpretations seeking to link it directly to the reported loss.
Meanwhile, the Minority in Parliament continues to push for greater clarity on how the loss occurred and what safeguards were in place.
Mr Afenyo-Markin argued that the personal attacks against him appear calculated to divert public attention from the core issues that require scrutiny.
“I recognise that, in public life, those who are uncomfortable with legitimate scrutiny may push back.”
He added: “In some cases, they may resort to false allegations, personal attacks and ridicule in an effort to shift attention from the substantive issues and make the person asking the questions the subject of controversy.”
Afenyo-Markin’s claims follow allegations by the GoldBod CEO, Sammy Gyamfi, that the Effutu lawmaker attempted extorting him for some money to the tune of US$1 million which he refused.
He said his refusal to satisfy Afenyo-Markin’s demands is what has resulted in the attacks aiming at attributing the US$1.7 billion dollars to the GoldBod.
