GoldBod Probe Rejected After Governance Council Passed
Ghana's parliament has passed a new law to set up a Governance Advisory Council to fight corruption. However, on the same day, lawmakers voted against an investigation into alleged financial losses of GHS 214 million at GoldBod. The Institute of Economic Research and Public Policy (IERPP) has questioned this decision, seeing it as contradictory to the government's anti-corruption efforts.
Ghana’s Parliament approved a new law on Friday, March 27, 2026. This law creates a Governance Advisory Council. The council aims to boost accountability and fight corruption. It also seeks to protect human rights.
However, on the same day, Parliament rejected a motion. The motion sought to set up a special committee. This committee would have investigated reported losses at GoldBod. It would also have looked into the Gold-for-reserves scheme. The Institute of Economic Research and Public Policy (IERPP) noted this contradiction.
The IERPP believes these actions conflict. It asks why GoldBod is being protected from checks. The institute referenced reported trading losses of GHS 214 million at GoldBod. The IERPP states that preventing an investigation makes the new anti-corruption council seem less useful. It suggests the government is not serious about fighting corruption if key entities are shielded.
Source: StatsGH — Ghana's data-driven news platform