The Centre for Policy Scrutiny (CPS) is calling for an investigation into significant losses within the Domestic Gold Purchase Programme. Reports indicate losses of around $1.7 billion.
CPS believes the design of the program may make these losses unavoidable. The think tank stated that the losses are equivalent to about GHC22 billion.
The CPS has specifically requested an examination of the roles played by the Bank of Ghana and GOLDBOD in the program's operations. They suggest that the program's structure needs to be redesigned.
This call follows concerns raised about the financial performance of the Domestic Gold Purchase Programme. The program aims to purchase gold domestically.
CPS suggests that the current operational framework is unsustainable. They are urging authorities to review and potentially overhaul the program's strategy.