Ghana’s state gold purchasing agency, GoldBod, is under pressure over its financing model, according to a report by The Africa Report. The agency, which buys gold from small-scale miners, has faced weeks of delayed payments to its buyers, as reported by Reuters and KITCO.
The funding issues have coincided with a political dispute. Asaase Radio reports that the New Patriotic Party (NPP) has escalated a feud with GoldBod over what it calls "falsified" figures in the agency’s 2025 accounts. Separately, GhanaWeb says the opposition party APL has raised concerns over US$1.7 billion in gold losses linked to GoldBod.
The Africa Report’s coverage explains that GoldBod’s funding model is now under scrutiny. The agency was set up to centralize gold purchases, but the recent delays suggest cash flow problems. Reuters and KITCO both note that buyers went without funds for weeks, a sign that the agency’s financial operations may be strained.
The political dimension adds to the pressure. The NPP’s accusation of falsified figures in the 2025 accounts, as covered by Asaase Radio, points to a breakdown in trust between the agency and the opposition. GhanaWeb’s report on APL’s warning about US$1.7 billion in losses further complicates the picture, though details on how those losses occurred are not specified in the available material.
What to watch next: whether GoldBod can resolve its funding delays and how the dispute over its 2025 accounts will affect its operations.
