The Speaker of Parliament, Alban Bagbin, says the House will scrutinise the reported US$1.7 billion loss, equivalent to about GH¢22 billion, recorded under the Domestic Gold Purchase Programme (DGPP) to settle the controversy over the transactions.
His comments follow a motion filed by the Minority Caucus seeking a parliamentary inquiry into the reported loss and the summoning of Ghana Gold Board (GoldBod) Chief Executive Officer, Sammy Gyamfi, to explain the transactions.
According to Speaker Bagbin, Parliament’s scrutiny will help determine whether the reported US$1.7 billion represents an actual financial loss or a policy cost incurred in implementing the Domestic Gold Purchase Programme.
He said the motion, which was received by his office on August 21, 2026, would be admitted for consideration.
“With the motion they have filed, which was received in my office on the 21st of August, 2026, just three days ago, I have gone through the motion myself and I intend to admit the motion because we have to at least have an end to litigation as to whether it’s a loss or it’s a cost,” he said.
Speaker Bagbin said the parliamentary process would allow lawmakers to examine the matter and provide clarity on the reported figure.
“This House will have the opportunity to go through it. And please, Ghanaians are very intelligent people. They will listen, they will read in between the lines and they will make their decisions,” he added.