I'm trying to compile code on GCC that uses OpenACC to offload to an NVIDIA GPU but I haven't been able to find a similar compiler option to the one mentioned above. Is there a way to tell GCC to be more verbose on all operations related to offloading?
Unfortunately, GCC does not yet provide a user-friendly interface to such information (it's on the long TODO list...).
What you currently have to do is look at the dump files produced by -fdump-tree-[...] for the several compiler passes that are involved, and gather information that way, which requires understanding of GCC internals. Clearly not quite ideal :-/ -- and patches welcome probably is not the answer you've been hoping for.
Typically, for a compiler it is rather trivial to produce diagnostic messages for wrong syntax in source code ("expected [...] before/after/instead of [...]"), but what you're looking for is diagnostic messages for failed optimizations, and similar, which is much harder to produce in a form that's actually useful for a user, and so far we (that is, the GCC developers) have not been able to spend the required amount of time on this.