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Sammy Gyamfi debunks Afenyo-Markin’s GoldBod loss claims

GoldBod Chief Executive Officer, Sammy Gyamfi, has defended the performance of the Ghana Gold Board (GoldBod) following criticism of its operations and management. Speaking at tthe Government Accountability Series today at the Jubilee House, he said, no where is GoldBod accused for Bank of Ghana’s losses. He therefore challenged the Minority Leader, Alexander Afenyo-Markin to … The post Sammy…

Sammy Gyamfi, CEO of Ghana Gold Board (GoldBod), responded to criticism of the organization's performance from Minority Leader Alexander Afenyo-Markin. Gyamfi clarified that the GoldBod was not accused of contributing to Bank of Ghana's losses. He challenged Afenyo-Markin to provide evidence from the IMF report to support his claims.

Gyamfi highlighted the achievements of GoldBod, such as purchasing and refining over nine metric tonnes of gold this year, marking a significant shift in the country's approach to value addition in the gold industry. He contrasted this with the previous administration's lack of local refining. Gyamfi dismissed Afenyo-Markin's criticisms as reckless and lacking proper research, urging the current Minority leadership to be measured against the standards set by former Minority leaders.

He also pointed out that Ghana exported about 170 tonnes of gold through formal channels under the previous administration, generating more than $17 billion. Gyamfi dismissed suggestions that he was intimidated by political attacks, emphasizing his commitment to serving Ghana in good conscience.

Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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