Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed claims that the state‑owned gold‑buying institution incurred losses of $1.7 billion in 2025, describing the allegation as a “barefaced lie.”
Speaking at the Government Accountability Series on Wednesday, August 19, 2026, Mr. Gyamfi stressed that the reported figure does not reflect GoldBod’s audited financial performance for the 2025 fiscal year. He accused the opposition—particularly Minority Leader Alexander Afenyo‑Markin—of repeatedly circulating the claim in Parliament and through the media despite GoldBod’s consistent rebuttals.
Mr. Gyamfi maintained that the institution’s audited accounts present a markedly different picture of its financial standing and should serve as the legitimate basis for assessment, rather than what he described as politically motivated assertions.
“Afenyo-Markin and his followers alleged on several occasions on the floor of Parliament and the media that the Ghana Gold Board made losses in the year 2025 repeatedly. This claim is a barefaced lie which has been debunked times without number by the GoldBod.
“The audited annual reports and financial statements of the GoldBod for the year ended December 31, 2025, prepared and published by the Auditor General of Ghana, disclose an operational surplus of GHS907 million and an overall surplus of profits of GHS5.4 billion. This is an incontrovertible fact,” he said.
Source: Kabah Atawoge
