GoldBod is the tool behind Ghana’s stability – Agalga defends gold strategy

Incoming Majority Leader James Agalga has defended the government’s domestic gold purchase strategy, arguing that the Ghana Gold Board (GoldBod) has played a key role in the country’s recent economic stability.

Mr Agalga was responding to calls by the Minority for a parliamentary probe into the operations and reported losses associated with the domestic gold purchase programme.” Mr Agalga said Parliament should examine why the Bank of Ghana absorbed the costs of using forex bureau rates for gold purchases rather than its own rates.