GoldBod did not record $1.7bn loss in 2025 – Sammy Gyamfi
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…
Sammy Gyamfi, CEO of the Ghana Gold Board (GoldBod), has refuted claims that the state-owned gold-buying institution suffered a $1.7 billion loss in 2025. Describing the allegation as a "barefaced lie", he insisted that GoldBod's audited financial statements paint a vastly different picture. At a Government Accountability Series event on August 19, 2026, Gyamfi accused the opposition, particularly Minority Leader Alexander Afenyo-Markin, of constantly making the claim in Parliament and through the media.
He emphasized that GoldBod has repeatedly challenged the allegation and urged the public to trust the institution's audited accounts when evaluating its financial performance. According to Gyamfi, the audited annual report and financial statements for the year ending December 31, 2025, reveal an operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion.
He stressed that Afenyo-Markin and his supporters have consistently alleged that the Ghana Gold Board suffered losses in 2025, but this claim has been repeatedly debunked. Gyamfi maintained that the audited financial statements, not politically motivated assertions, should serve as the basis for discussions about GoldBod's financial performance.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
