Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed claims that the state-owned gold-buying institution recorded losses of $1.7 billion in 2025.
Mr Gyamfi described the allegation as a “barefaced lie”, insisting that GoldBod’s audited financial statements show a significantly different financial position.
Speaking at the Government Accountability Series on Wednesday, August 19, 2026, he accused the opposition, particularly Minority Leader Alexander Afenyo-Markin, of repeatedly making the claim in Parliament and through the media.
According to him, GoldBod has on several occasions challenged the allegation and urged the public to rely on the institution’s audited accounts when assessing its financial performance.
Mr Gyamfi said the audited annual report and financial statements for the year ended December 31, 2025, indicate that GoldBod recorded an operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion.
“Afenyo-Markin and his followers alleged on several occasions on the floor of Parliament and in the media that the Ghana Gold Board made losses in 2025. This claim is a barefaced lie which has been debunked times without number by GoldBod.
“The audited annual reports and financial statements of GoldBod for the year ended December 31, 2025, prepared and published by the Auditor-General of Ghana, disclose an operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion. This is an incontrovertible fact,” he said.
He maintained that the audited financial statements, rather than what he described as politically motivated assertions, should form the basis for discussions about GoldBod’s financial performance.
