Ghana — Bank of Ghana & Ghana — Ghana GoldBod

Ghana — Bank of Ghana: Financed the gold purchase programme and absorbed losses, contributing to negative equity of GH¢93.8bn. Has ended GoldBod's role as buying agent.

Ghana — Ghana GoldBod: Central institution accused of causing GH¢22bn loss; defends itself with audited surplus figures. Faces parliamentary scrutiny and reputational risk.

Ghana — Bank of Ghana: Will receive the refined gold to build national reserves, directly strengthening its balance sheet and the country's external position.

Ghana — Ghana GoldBod: Will purchase and coordinate local refining of the gold, playing a central role in the programme's implementation.

Ghana — Bank of Ghana: The Ghana — Bank of Ghana will receive the locally refined gold as part of the country's gold reserves and its reference exchange rate will be used for purchases. This policy supports its goal of accumulating foreign reserves.

Ghana — Ghana GoldBod: The Ghana — Ghana GoldBod (GoldBod) is the primary entity responsible for implementing the new gold purchase agreement, buying 30% of large-scale gold output from mining companies at a discount and facilitating local refining. This significantly expands its role in the national gold strategy.

Ghana — Bank of Ghana: Central bank reported to have incurred a US$1.7 billion loss under the gold purchase programme. The dispute highlights governance concerns.

Ghana — Ghana GoldBod: State agency at the center of the dispute over the Domestic Gold Purchase Programme. The controversy could affect its credibility and operations.