The Institute of Economic Affairs (IEA) has refuted claims that the Ghana Gold Board (GoldBod) was responsible for a GH¢1.7 billion loss incurred through the Bank of Ghana’s Domestic Gold Purchase Programme. The IEA asserts the loss should not be directly attributed to GoldBod. Details surrounding the loss and its origins remain unclear, prompting the IEA’s intervention to clarify the situation. This clarification aims to prevent misinterpretations regarding the performance and accountability of GoldBod. The IEA's statement seeks to offer a more accurate understanding of the financial implications of the gold purchase program. Further investigation may be needed to determine the true cause of the significant financial loss. The dispute highlights complexities within Ghana's gold purchasing and economic policies.