Chartered Accountant petitions ICAG...To settle facts on GoldBod's alleged $1.7bn loss

7 billion figure is properly a "loss" at all, and if so, of what type and to which entity; what portion, if any, is attributable to GoldBod as distinct from the Bank of Ghana or the government; how much reflects trading losses, off-taker fees, exchange-rate movements, valuation changes or financing costs; whether cash losses, unrealised losses and quasi-fiscal losses have been conflated in the public debate; and what audit evidence would be needed to substantiate or reject the $1.7 billion figure at the centre of a political row over the Bank of Ghana's (BoG) Domestic Gold Purchase Programme (DGPP) and the Ghana Gold Board (GoldBod).

The petitioner also asked ICAG to review audited financial statements, transaction records, pricing methodologies, off-taker arrangements and reconciliations from both the GoldBod and the Bank of Ghana, and to produce a bridge showing how any aggregate public figure was constructed, with each component labelled as a realised loss, unrealised loss, valuation effect, fee or other category.