Ghana's Parliamentary Minority has contested the GoldBod CEO's defence of the Domestic Gold Purchase Programme, noting that while he admitted a US$1.7 billion loss reported by the IMF in 2025, he deflected responsibility. The Minority Leader argued that regardless of which state institution bears the loss, public funds are involved and require explanation, and challenged the CEO's claim of a GH¢907 million operational surplus.
19 August 2026 · Joy Online →
Ghana Gold Board Chief Executive Sammy Gyamfi has rejected criticism that GoldBod caused losses at the Bank of Ghana, challenging Minority Leader Alexander Afenyo-Markin to cite IMF findings supporting such claims. Gyamfi highlighted that GoldBod purchased and refined more than nine metric tonnes of gold locally this year.
19 August 2026 · The Ghanaian Times →
Akosua Manu, Advisor on Gender and Social Protection to NPP flagbearer Dr Mahamudu Bawumia, has rejected GoldBod CEO Sammy Gyamfi's challenge to identify losses in the institution's accounts, arguing it is a "technical sleight of hand" to shift attention from the Domestic Gold Purchase Programme's losses. According to Manu, the IMF Ghana Country Report documents losses of more than US$1.7 billion in 2025 (equivalent to 1.5% of GDP), which she says sit on the Bank of Ghana's balance sheet while GoldBod executed the programme.
19 August 2026 · Joy Online →
Sammy Gyamfi, CEO of the Ghana Gold Board, has accused Minority Leader Alexander Afenyo-Markin of using a sustained campaign of allegations to pressure GoldBod's management, rejecting claims of a GH¢22 billion loss and pointing instead to audited 2025 financial statements showing an operational surplus of GH¢907 million and overall surplus of GH¢5.4 billion.
19 August 2026 · Joy Online →
Ghana Gold Board CEO Sammy Gyamfi has challenged Minority Leader Alexander Afenyo-Markin to invoke Parliament's oversight mechanisms to summon him regarding allegations that GoldBod was responsible for losses under the Bank of Ghana's Domestic Gold Purchase Programme. Gyamfi said he is ready to appear before Parliament at any time to defend GoldBod against the allegations.
19 August 2026 · Joy Online →
Sammy Gyamfi, CEO of the Ghana Gold Board, says he is not intimidated by criticism or threats over his work and remains focused on serving Ghana. He described statements directed at him as reckless and lacking substance, comparing current parliamentary debate unfavourably with former standards.
19 August 2026 · Joy Online →
Ghana Gold Board CEO Sammy Gyamfi rejected Minority Leader Alexander Afenyo-Markin's warning that GoldBod leadership could face severe bail conditions if the NPP returns to power, saying the claims were misplaced and defending the institution's progress in refining gold locally.
19 August 2026 · Joy Online →
Sammy Gyamfi, CEO of the Ghana Gold Board, acknowledged that losses occur in gold trading but urged critics to base assessments on accurate information. He explained that GoldBod operates as a specialised gold trading institution with expanded activities including derivatives and 24/7 trading, aiming to ensure overall profits exceed losses.
19 August 2026 · Joy Online →
Ghana Gold Board CEO Sammy Gyamfi has accused followers of Minority Leader Alexander Afenyo-Markin of ignoring the Auditor-General's findings, claiming GoldBod did not record a professional loss in 2025 and that the Auditor-General made no adverse audit findings against the board.
19 August 2026 · Joy Online →
The CEO of Ghana Gold Board has challenged the Minority Leader to produce IMF evidence directly implicating GoldBod in Bank of Ghana losses under the Domestic Gold Purchase Programme, while the Minority Caucus maintains that GoldBod must be held accountable and has filed a parliamentary motion for accountability.
19 August 2026 · Joy Online →
Ghana's Parliamentary Minority cited an IMF report claiming the Domestic Gold Purchase Programme cost the Bank of Ghana GH¢22 billion (US$1.7 billion) in losses in 2025, and called for a full examination of how the programme was structured, financed and managed.
19 August 2026 · The Chronicle →