Ghana’s gold vault is leaking cash while officials play semantics with the accounting books. Franklin Cudjoe from IMANI Africa roasted the GoldBod setup for ignoring massive financial gaps despite some operational upgrades under the Mahama administration. He claimed that swapping cedis for dollars inherently creates transaction deficits that the Bank of Ghana needs to acknowledge rather than hiding behind technicalities. The watchdog emphasized that a reported two hundred fourteen million dollar loss requires a breakdown of exactly which buyers were involved to stop insiders from rigging the game.
He criticized the state for letting the International Monetary Fund reveal the damage instead of being upfront about the missing funds. Cudjoe argued that the Ministry of Finance deserves credit for fixing past errors, but cannot pretend these new debts do not exist just because they act as intermediaries.
He criticized the state for letting the International Monetary Fund reveal the damage instead of being upfront about the missing funds. Cudjoe argued that the Ministry of Finance deserves credit for fixing past errors, but cannot pretend these new debts do not exist just because they act as intermediaries.
