Good morning 🌅

Aaah ! 😂😂😂..chaley some words are powerful than aboa ne kwasia ooo😂.

My big sis Nana Aba, this is merely interpretation by an individual, interpretations could be done to favour one’s interest just like how we interprete the law at the court to favour our course, And clearly, this guy’s interpretaion is problematic, Now, Samny had earlier told us that GoldBod has not incurred any form of losses and Infact stated they instead made surpluses, you’re admitting Goldbod made a loss of $1.7billion for what ever reason?? Whether its accounting or evaluation loss, all loss be loss.

The IMF report it’s enough and it sits well with most Ghanaians, especially the layman!

As for GoldBoard , people who mean well knows it is helping shape the economy, the only reason the NPP is attacking is because of politics, asa.

He's talking based on IPSAS. Quite technical for those not accountants to understand. Example if government provides funding supply to ecg, it's considered revenue to ecg but the finance minister will count it as an expenditure on the government books.

So technically it’s not a loss From personal experience,like buying a device at 50 wholesale selling at 150 at retail but per my own discretion sell to a friend for 100gh In shop books i lost 50 Common sense If that’s the case then kfc and Hisense discounts sales are losses

Women of Valour foɔ nie 😂

That’s why IMF advised the BOG not to give money to GoldBod to buy the gold but rather go to the market for its own money. If that advice had been heeded to,we wouldn’t have been here.

🤣🤣Herhh he said revenue is not a loss💔💔

Nana your friend @_Fiifi_Sage is suffering, but you’re not aware am sure but you rather came to post someone’s opinion about the 1.7 billion dollar losses we Ghanaians will have to pay smh🤦🏻‍♂️💔😒

Please help us find him 😭 Home is worried He’s been missing for 13 days now 😭😭

@thenanaaba his explanation of the loss as a result of currency depreciation does not hold because that loss is covered by a 60% increase in gold prices over the year. There is not a single gold buying agent who is buying gold at a price higher than normal rate in the country.

GoldBod Jewellery on my mind

Simple logic but the so-called elites refuse to understand, propaganda nti

Same argument by Osahene Afenyo but he’s chosen a different interpretation but same conclusion.

The NDC as a party said the IEA is not a credible entity. I believe the party.

It is not all real money lost. So some are actually real money? Anyway, depreciation in a value of product is a loss, though not real money loss but could translate into real money loss. So the argument is not real money loss is neither here nor there.

We don't need someone's assumptions,get us the facts.what if they deliberately make losses to benefit their pay masters .

Good morning, what is he justifying??

IMF doesn’t lie my dear…..

Men lie, women lie, numbers don’t. If the IEA rep is confident in his “no loss” thesis, he should use nominal numbers to situate his examples. The moment you strip away the abstract framing and look at actual cash value, that’s where the huge loss is exposed. Let's talk numbers.

Just business. Scrap dealers run this kind of transaction. This equals BOG make down payment at a price to GoldBoard for purchase of large gold quantity. Balance sheet of Bank of Ghana going to be sweet in a few time, thereby Ghana’s economy.

Hon. Sammy Gyamfi should counter-sue manority for defamation and lies.

Good morning Mummy 🌹

If Accounting should have losses and its ok them ghana should be ready for banking sector losses, doctors losses, contractors losses , media houses losses (oh sorry that one is there ) and what again brain losses ,

Still koraa, Sammy atɔn gold abɔka 😊

Ade ahyi

We mount

Ahh so after the dollar stabilisation by the BoG ,they then re-intervene by subsiding the dollar again, eiiii

@MotiaNframa Afenyooooooo come and hear ooo. Your ppl misleaded you.

Can KNUST and UGBS finance professors tell us if it’s a loss or not! The back and fourth no need, no matter what someone will bear that cost, we just need to understand if it’s even sound for the central bank to move like that

It is not all real money lost. So some are actually real money? Depreciation in value of product is a loss, though not real money loss but could translate into real money loss. So the argument is not real money loss is neither here nor there.

With all the brouhaha it’s means that Ghana needs money 💰 make God make we see money small 🥹😇🙏