Policy think tank IMANI is raising fresh concerns over transparency in Ghana’s gold sector after state-owned GoldBod failed to disclose key financial and operational details in its latest quarterly report.
The organization says the omission of critical data including the volume of gold purchased with Bank of Ghana funds, the resale prices, and the specific aggregators and mining sites involved leaves the public unable to assess whether the state is receiving fair value from small-scale gold purchases.
Instead of providing trade figures, GoldBod reported less than $60 million in service fees and balances, a move IMANI argues obscures the true performance of a company operating as a monopoly in Ghana’s most valuable export industry.
IMANI says the lack of clarity raises questions about value for money, transparency in the supply chain, and whether funding advances from the central bank are being efficiently utilized.
The group is calling on GoldBod’s leadership to publish full financial and operational disclosures, insisting that accountability is essential to protect the public interest and ensure the gold sector delivers its promised economic benefits.