The management of Ghana's natural resources has once again taken center stage as the New Patriotic Party (NPP) calls for immediate and total transparency regarding the nation's gold exports.

The New Patriotic Party has officially challenged the Ghana Gold Board, known as GoldBod, to reveal the specific identities of the international companies purchasing the country’s gold.

This demand for disclosure is rooted in a growing controversy over the Domestic Gold Purchase Programme (DGPP), which recorded staggering losses exceeding US$1.7 billion—approximately GH¢22 billion—in 2025.

During a press conference held on September 1, 2026, the Chairman of the NPP Policy Co-ordination Committee, Mr. Kojo Oppong Nkrumah, alongside Dr. Mohammed Amin Adam, emphasized that these financial setbacks were not caused by the global market, which had actually been enjoying one of its strongest periods in decades.

the Chairman of the NPP Policy Co-ordination Committee, Mr. Kojo Oppong Nkrumah emphasized that these financial setbacks were not caused by the global market
the Chairman of the NPP Policy Co-ordination Committee, Mr. Kojo Oppong Nkrumah emphasized that these financial setbacks were not caused by the global market

Dr. Amin Adam, a former Minister for Finance, raised a pointed question that has since resonated across the country: “Where did our gold go? All the gold they sold, where did that go?”.

He further criticized the fact that mandated quarterly public reports under the Ghana Gold Board Act have seemingly failed to appear, leaving a void in public knowledge regarding commercial terms and discounts.

Data indicates that GoldBod exported roughly 103.8 tonnes of gold from small-scale miners in 2025, with an overwhelming 98.8% of these exports heading to just two destinations—India and Dubai.

The NPP alleges that the pricing arrangements in these transactions, specifically the practice of offering large discounts in exchange for faster payments, resulted in the state losing about US$450 million.

This push for transparency follows a heated public exchange between Minority Leader Osahen Alexander Kwamena Afenyo-Markin and GoldBod CEO Sammy Gyamfi over the presentation of these financial impacts to the Ghanaian people.

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The NPP insists that to ensure true accountability, the government must publish the names of the foreign buyers and the full details of the contracts they were granted.

As the public demands answers regarding the $1.7 billion financial gap, the call for clear, published records of gold transactions remains a vital step toward restoring trust in national institutions.

#GoldBod saga #NPP demands #foreign gold buyers #Ghana Gold Board #Domestic Gold Purchase Programme.