Ranking Member on Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has dismissed calls by GoldBod CEO Sammy Gyamfi for a media debate over the controversial Bank of Ghana and gold reserve transactions, insisting that the proper forum for accountability is Parliament, not television studios.
Speaking on Metro TV, the former Information Minister said the Minority Caucus has already demanded a parliamentary probe into how losses linked to gold transactions reportedly escalated from about GH¢2.5 billion to nearly GH¢9.6 billion.
According to him, motions filed by the Minority seeking investigations into the sale of nearly 50 percent of Ghana’s gold reserves and the operational losses connected to the gold value chain have been blocked by the Majority side.
Kojo Oppong Nkrumah argued that if government officials and GoldBod executives truly want transparency, they should appear before Parliament under oath with all relevant documents instead of engaging in media exchanges.
“The Minister for Finance has a responsibility under Section 58 to bring the report before Parliament. Let the committee sit on it, invite the relevant persons, and deal with the issues in the appropriate forum,” he stated.
He compared the matter to legal proceedings, saying allegations and financial controversies should be tested before a competent body with evidence and official records rather than through political debates on television.
“When the Attorney General suspects wrongdoing, he does not invite the accused person into a studio debate. He takes the matter to the proper forum where evidence can be examined,” he added.
Despite the sharp political exchanges, Kojo Oppong Nkrumah disclosed that he maintains a cordial relationship with Sammy Gyamfi, revealing that the two recently spoke on the phone.
However, he stressed that friendship should not replace accountability, insisting that Parliament must first be allowed to investigate the transactions before any public debate can be entertained.
The Minority Caucus has in recent weeks intensified pressure on the government over the Bank of Ghana’s 2025 financial statements, the reported losses tied to gold transactions, and what it describes as attempts by the NDC government to avoid parliamentary scrutiny over the management of the economy and the reserves.
