Minority Leader Alexander Afenyo-Markin has accused the Ghana Gold Board's management of incompetence and blamed government policies, arguing that the institution's reported financial losses cannot be attributed to market conditions but reflect deeper problems and inadequate oversight of the country's gold resources.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has accused Ghana Gold Board management of "crass incompetence" over alleged losses in its operations, rejecting claims that unfavourable market conditions were responsible and arguing that adequate oversight of the institution is lacking. GoldBod's CEO Sammy Gyamfi has disputed the losses claim, describing it as a "blatant lie" and stating that the institution's audited 2025 financial statements show an operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin warned that those responsible for financial losses at the Ghana Gold Board will be held accountable, insisting the institution must account for an alleged GH¢22 billion loss that he says amounts to causing financial loss to the state. The Minority said it would continue raising the issue despite GoldBod management's rejection of the loss claims.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has demanded that the Ghana Gold Board account for what he describes as a GH¢22 billion loss. GoldBod's CEO has rejected the loss claims, citing the institution's audited 2025 financial statements as evidence of sound financial performance.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has rejected suggestions that Parliament's opposition lacks the capacity to scrutinise the Ghana Gold Board's financial performance, saying the Minority will continue to examine the institution's management of public resources and demand accountability, despite GoldBod CEO Sammy Gyamfi's dismissal of loss allegations and presentation of audited 2025 figures showing an operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin says GoldBod cannot use its role as an agent of the Bank of Ghana to avoid responsibility for losses from gold trading operations, arguing that agency status does not eliminate operational responsibility for institutions entrusted with public resources.
18 August 2026 · Joy Online →
The Minority Leader has challenged the Ghana Gold Board to account for both revenue and costs from its gold purchasing and trading operations, arguing it cannot collect transaction fees while leaving losses with the Bank of Ghana. His concerns follow an IMF report finding losses exceeding US$1.7 billion under the BoG's Domestic Gold Purchase Programme in 2025.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has vowed that the Minority will continue demanding accountability from the Ghana Gold Board over an alleged GH¢22 billion loss to the state, saying the group will not be deterred by attacks from GoldBod officials and insisting those responsible will eventually answer for their actions.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin said the Ghana Gold Board should not record losses trading in gold, attributing reported losses to management and policy failures rather than market conditions. The GoldBod CEO has rejected claims of losses, citing audited 2025 financial statements showing a different position.
18 August 2026 · Joy Online →