The Ghana Gold Board (GoldBod) has rejected claims by some members of the New Patriotic Party (NPP) Minority Caucus in Parliament that the institution is recording losses and mismanaging public funds.
In a statement signed by GoldBod Chief Executive Officer Sammy Gyamfi, the Board said it recorded an operational surplus of GH¢909.7 million and an overall surplus of GH¢5.44 billion for the 2025 financial year.
The statement noted that the figures were contained in GoldBod’s 2025 audited Annual Report and Financial Statements prepared by the Auditor-General and published on the institution’s website.
Mr. Gyamfi further stated that despite challenges including a more than 23% decline in international gold prices since February 2026 and a reduction in pricing incentives for the gold purchase programme, GoldBod has continued to make progress in areas such as gold purchases, foreign exchange generation, gold reserve accumulation, local value addition and sustainability initiatives.
He accused some members of the Minority Caucus, led by their leader Alexander Afenyo-Markin, of making false claims that the GoldBod is recording losses and siphoning public funds.
The GoldBod CEO urged the media and the public to disregard what he described as misinformation about the operations of the institution, insisting that the Board remains focused on fulfilling its mandate for the benefit of Ghanaians.
By: Bernard Mensah
Discussion about this post