How do GoldBod’s assay fees compel BoG to make losses? – Sammy Gyamfi quizzes
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has questioned claims that assay fees charged by the institution contributed to losses recorded by the Bank of Ghana (BoG).
Ghana Gold Board's CEO, Sammy Gyamfi, has questioned assertions linking assay fees charged by his institution to the losses faced by the Bank of Ghana (BoG). Mr Gyamfi noted that those making such claims may lack a full understanding of the situation, emphasizing that the fees were not established by him or the present management of GoldBod.
He explained that the charges were approved by Parliament during the previous administration and were part of the original framework GoldBod acquired. Mr Gyamfi stated that after taking over the existing structure, he has since reduced the applicable fees significantly. He posed the question, "How does GoldBod’s assay fees compel the Bank of Ghana to make losses?" during a Twitter Spaces discussion on August 9, stressing that the charges were not his personal decision.
Mr Gyamfi asserted his administration had decreased the fees to improve GoldBod's efficiency and benefit the state, rather than raising them.
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.
This story
This is one outlet's version. Read the fullest account.
