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Assuming without admitting that the extortion allegation by Sammy Gyamfi against Hon.Alexander kwamena Afenyo-Markin has any merit, it remains irrelevant, immaterial and inconsequential to the substantive questions he raised about the reported losses. Equally, bringing GoldBod into the debate is entirely legitimate, given its central role in the Domestic...

11,584 Aufrufe • vor 27 Tagen •via X (Twitter)

16 Kommentare

Profilbild von The Financials
The Financialsvor 27 Tagen

those who goo or call for equity, must come with clean hands Boss.

Profilbild von Abomooh
Abomoohvor 27 Tagen

Si we should do what?

Profilbild von John boye Anaba
John boye Anabavor 26 Tagen

I just follow u

Profilbild von Arko Dansoa
Arko Dansoavor 26 Tagen

With you! I have confidence the NPP communication will be revived! Solid submission.

Profilbild von AtoKwamena🌹
AtoKwamena🌹vor 26 Tagen

Sia you all skipped thr first part which clearly said you made losses i mean economic losses in 2024. But we should only focus on the valuation cost abi

Profilbild von BETO🇬🇭🇦🇺 🇺🇸
BETO🇬🇭🇦🇺 🇺🇸vor 27 Tagen

Absolutely, I agree with you. We are missing the point, the bigger picture. The question is whether or not there is a loss? Where is the loss? Could we have have made same gains with less loss.

Profilbild von Boateng
Boatengvor 27 Tagen

What loss? You guys must up your game

Profilbild von 4rina
4rinavor 27 Tagen

Exactly! We all know Sammy is lying as is his habit .... Don't fall for it

Profilbild von Nana Twumasi Ankrah III
Nana Twumasi Ankrah IIIvor 27 Tagen

Very impressive ✔️

Profilbild von Onyx Stone
Onyx Stonevor 27 Tagen

Foolishness

Profilbild von Blak_InkGH🖤🇬🇭🇳🇬
Blak_InkGH🖤🇬🇭🇳🇬vor 27 Tagen

Leader should’ve proved the losses by getting access to gold board’s books. He has that power. There are lots of channels he could’ve used to discharge his duties to the good people of Ghana. He chose his stomach, allegedly. Let’s not forget that.

Profilbild von Godwin snow
Godwin snowvor 27 Tagen

Senior that journalists Kweku Asante is an NDC FRAUDSTER

Profilbild von MINORITY LEADER 💈
MINORITY LEADER 💈vor 27 Tagen

@Celebra51837821 You killed it

Profilbild von VIRGO 🔥🔥👌👌
VIRGO 🔥🔥👌👌vor 27 Tagen

When fine lawyers become polluted and consumed by politics, it becomes so pathetic to listen to them. What are your values if indeed you have a leader that is an extortionist (assuming it's true).? And you say what??? It's immaterial?? Where are your values Kwasi?

Profilbild von Dominic Ankrah
Dominic Ankrahvor 27 Tagen

It is very relevant . It is the pain of not getting what he wanted that has led him on this rant about Sammy Gyamfi. I mean is there is merit in the allegation.

Profilbild von Ibrah Addo
Ibrah Addovor 26 Tagen

Drag him to PAC and use the IMF report to question him 🤝

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Since this GoldBod conversation refuses to go away, I joined Eric Mawuena Egbeta on #TV3GH some minutes ago to discuss it. There are factual claims that can be made, and there are inferences that can be drawn from those facts. Here are the facts: - No one can dispute the fact that the domestic gold purchasing programme helped build Ghana’s reserves and had downstream impacts on the economy, but also incurred significant losses. - No one can dispute the fact that GoldBod played a significant role in helping the Bank of Ghana implement the programme. - It is a fact that GoldBod’s financial statements do not show any of those losses. - It is also a fact that the ASM component of the DGPP was the largest component, and that is where the losses occurred. It is also the part of the programme where GoldBod predominantly operated. However, when you disaggregate the losses, the largest component came from the exchange rate at which the gold was purchased versus the exchange rate at which the resulting dollars were sold or translated. Because GoldBod purchased the gold and had to use pricing incentives (bonuses) to compete with smugglers, some of the losses can be traced to its operations. Those losses do not appear in its financial statements because GoldBod operated as an agent of the Bank of Ghana and essentially earned fees for providing the service. The government itself recognises that the losses are unsustainable, which is why it is planning to reduce the cost from around 15% to 5%. The most important issue going forward is that GoldBod now has control over the entire value chain. The conversation therefore has to be about how it can operate the chain sustainably without becoming a burden on the budget. Most importantly, how does Ghana generate meaningful fiscal revenue from the small-scale mining sector to support our development needs? And how do we do all of this while fighting galamsey and protecting our rivers and forests? We should be able to discuss these issues dispassionately without turning every question about GoldBod and reserve accumulation into a partisan argument.

Alfred

16,133 Aufrufe • vor 1 Monat