Osman Awefo

CS grad | Boss @Joytechgh | AI + Computer Security, IT Technician | Barça fan | MSc hopeful @AcadiaU | Social Democrat.

[Osman Awefo @OAwefo]

@sonofjacob98 John Jinapor’s brother is Abu Jinapor. 🤝

[Osman Awefo @OAwefo]

@RichyDonPapa @Kwesi_Agyei_ This is very misleading. Sunnis make close to 51% not 95%.

[Osman Awefo @OAwefo]

@tv3_ghana How much did they go for us when they were in govt 😂

[Osman Awefo @OAwefo]

@THESTATENEWSS I thought he said it wasn’t about personalities?
😂😂😂

[Osman Awefo @OAwefo]

@Citi973 Did I hear @KozieOzie say “it’s up to the him to clear the air”??
Well that’s interesting until you check her posture when Sammy alleged that the minority leader is an extortionist. She, if I remember said Sammy should prove. Where’s the consistency @KozieOzie

[Osman Awefo @OAwefo]

@CyrusAgogo But you’re amplifying it by commenting and making it followers see it

[Osman Awefo @OAwefo]

@kofitonto You should at least also state stats or facts with data like he did in the past so we can interrogate the issues

[Osman Awefo @OAwefo]

@CallmeAlfredo That’s even an indictment on the “opposition”.

[Osman Awefo @OAwefo]

@NPPDAILY You carried 137 into the 2@24 elections. Came out with 87🤣

[Osman Awefo @OAwefo]

@Serwaa_Amihere @ghonetv The rate at which your likes seeks vindication is so telling😂. Like you want us to see ur had good in you?

[Osman Awefo @OAwefo]

@Kaypoisson1 @0panaa_1 @page17_ You act like he’s not been assessed in training. Prove to the coach why u should be included in match squad. That’s where it starts then u can have a chance at minutes

[Osman Awefo @OAwefo]

@_i_am_Curtis Yh he does it once in a while. I can show you someone who is 90% doing one on one. In govt n opposition.
Kojo Oppong Nkrumah your role model.

[Osman Awefo @OAwefo]

@DennisMiracles Yeah. Like you did in 2024, 2023 & 2022. Surprised???

[Osman Awefo @OAwefo]

@FabrizioRomano @Atleti learn from them.

[Osman Awefo @OAwefo]

@brandelikem Tell ur boss to have some tough skin. Small criticism naaa he de block we😂😂🙏🙏.
@kwadwosheldon

[Osman Awefo @OAwefo]

@_i_am_Curtis Who did Nana Akuffo Addo consolidate his power with in the npp. Can you tell us?😂

[Osman Awefo @OAwefo]

@Citi973 Well keep it up. Glad you’re not on Ghanaian side but your party first. I used to think opposition fights for the ordinary citizens

[Osman Awefo @OAwefo]

@barkervogues This is a clear and factual breakdown. That $1.7bn is BoG’s DGPP losses, not GoldBod��s. Fees paid to GoldBod are revenue, not losses as ur clearly laid a great example in point 6. They(npp) keep twisting the IMF report to attack Sammy Gyamfi and the programme.

[Osagyefo Oliver Barker-Vormawor @barkervogues]

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.

[Sammy Gyamfi @SammyGyamfi_]

The blatant lie being persistently peddled by Afenyo Markin that the GoldBod has made losses, is only a figment of his hallucinatory imagination. What a joke of a Minority Leader he is.

Find attached, page 16 of the audited Annual Report and Financial Statements of the @GhanaGOLDBOD for the year ended 31st December, 2025, disclosing an operational surplus/profit of GHS907 million and overall surplus/profit of GHS5.4 billion.

For the avoidance of doubt, this audit report was prepared and published by the Auditor-General of the Republic of Ghana. Facts are sacrosanct.