GoldBod has never made a loss, financially sound – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has rejected claims that the institution is making losses, insisting that its financial position remains strong.
Sammy Gyamfi, the CEO of the Ghana Gold Board (GoldBod), has firmly rejected the notion that his organization is making losses. He emphasized that GoldBod's financial health is robust, backed by audited accounts that are publicly accessible via the institution's official website. Mr. Gyamfi clarified that assertions of financial distress are inaccurate and do not accurately represent the company's actual financial standing.
He reiterated that GoldBod has maintained a financially sound position since its operations began under its current mandate. During a recent discussion on Twitter Spaces on August 9, Mr. Gyamfi stated, "GoldBod has never made a loss and our audited financial statement is on our site." He further stressed that the institution's financial records serve as the basis for evaluating its performance, rather than being subject to speculation.
This response comes in the midst of ongoing conversations about GoldBod's operations, its relationship with the Bank of Ghana, and the financial consequences of its role in Ghana's domestic gold market. In the past, Mr. Gyamfi has defended the institution's activities, asserting that GoldBod has taken on the responsibility of buying and selling gold in Ghana and has built the capability to carry out its mandate independently.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
