We have all done things
Slept at a woman's place many times
Had unprotected sex with many
Driven across multiple regions because of a female
A man meeting his end doesn't make him stupid, life happens
We live, We die
No one knows his fate, if we did we will live 4eva
.@GhPoliceService you should have a 24/7 WhatsApp account where persons in trouble can share their live locations for a swift response. The banks have it you can also do it.
@sarfo_adujr@ChristDeKing When last Sark post meme for ein story?
All of a sudden he post cripple after ein colleague do concert finish… colleague wey we all know get leg problem to the extent some people dey call am cripple… let’s be serious
@Kweku_Mzkal@_lawslaw@stonebwoy#Facts
Cos person fit wake up,diss me, my deceased mother, my wife, my kids then you wey be my friend you go dey mingle with am…how?!
@yussif505@barkervogues You prefer campaign policies being implemented rather than having a functioning government that tackles all aspects of the country ?
LET’S TALK GOLDBOD and Sammy Gyamfi!!
For those struggling to make sense of all the noise, lets make it clearer in just 20 points:
1. A couple of weeks ago, the IMF published a report in which it stated, accurately, that the Bank of Ghana incurred losses of more than US$1.7 billion in 2025 through the Domestic Gold Purchase Programme.
2. Here are the IMF’s exact words:
“DGPP operations have generated significant losses for the BoG. Losses in 2024 were equivalent to almost US$400 million (0.5 percent of GDP), one third of which were related to G4O. In 2025, the significant scaling up of DGPP operations led to losses of over $1.7 billion (1.5 percent of GDP), almost entirely related to G4R doré purchases; this amounted to a loss of 17 percent of the value of doré gold sold by the BoG. Losses accrued on gold trades are a combination of service and assay fees paid to GoldBod, discounts on gold sold to off-takers (exporters) and, most importantly, exchange rate losses from the spread between the forex bureau rate paid to purchase gold and the cedi reference rate used for BoG accounting.”
3. Read that passage closely. The IMF says that the losses arose almost entirely from the purchase and subsequent sale of doré gold under the Gold-for-Reserves programme. Those losses amounted to approximately 17% of the total value of the doré gold sold by the Bank of Ghana.
4. The 17% is not a separate cause of the loss. It tells us the scale of the loss relative to the value of the doré gold sold.
5. The IMF then identifies three components of the loss.
First, the Bank of Ghana paid GoldBod service and assay fees. I want you to pause here for a moment.
6. If the Bank of Ghana paid money to GoldBod, does that not mean that GoldBod earned revenue? How can that same revenue be presented as a loss incurred by GoldBod? That would be like saying the contractor lost money because the government paid the contractor’s bill.
7. This does not answer whether GoldBod’s fees were reasonable or excessive. Those fees could be scrutinised. But it is inaccurate to convert a cost incurred by the Bank of Ghana when it paid Goldbod into a loss for GoldBod. ah!
8. Second, the Bank of Ghana incurred losses because it sold some of the gold to off-takers and exporters at a discount. Again we can discuss whether the discounts are justified. Many believe they are, as a smuggling deterrent mechanism. Even as they question, how long can be keep those discounts.
9. Finally, and most importantly according to the IMF, while the gold was purchased from miners using the forex bureau rate, the Bank of Ghana accounted for the transactions using a lower cedi reference rate. The difference between the two rates was recorded as a loss.
10. To give an example, if you have US$1,000 in the bank, you may get only GH¢10,350 for it. But if Kwame has US$1,000 in his hand and is calling Abotsi to change it for him, he has GH¢12,000 in his hand. The difference is GH¢1,650. That’s the logic.
11. This is why, some are calling it a "paper loss" You did not
12. Now, from everything I have explained, where did GoldBod itself incur the US$1.7 billion loss for which the Minority Leader says Sammy Gyamfi’s bail conditions will be like a pig’s fingernail?
13. The IMF passage being circulated does not establish that claim.
14. To be Clear, none of this means that the BoG's programme should escape scrutiny. We must ask whether the fees incurred were justified, why gold was sold at a discount, whether the pricing and exchange-rate arrangements made sense, who approved them, and whether the benefits of the programme justified its cost.
15. We need continuous scrutiny of public institutions. But deliberate misinformation benefits no one. It replaces accountability with propaganda and distracts us from the questions that actually matter.