‘You admitted the loss, now account for the GH¢22bn’ – Minority hits back at GoldBod CEO
The Minority in Parliament has hit back at Ghana Gold Board (GoldBod) Chief Executive Officer Sammy Gyamfi, arguing that his defence of the institution has confirmed rather than rebutted concerns over losses associated with the Domestic Gold Purchase Programme (DGPP). In a statement dated Wednesday, August 19, 2026, Minority Leader Alexander Afenyo-Markin said Mr Gyamfi did not dispute the…
The Minority in Parliament has responded to the Chief Executive Officer of Ghana Gold Board, Sammy Gyamfi, questioning his defense of the Domestic Gold Purchase Programme (DGPP) losses. Majority Leader Alexander Afenyo-Markin stated that Gyamfi did not dispute the International Monetary Fund's report of a $1.7 billion ($22 billion Ghanaian Cedis) loss in 2025, but only questioned who was responsible for the loss.
The Minority Leader argued that regardless of which state institution held the loss, it was public money and required an explanation. Afenyo-Markin also challenged Gyamfi's claim that GoldBod had an operational surplus of GH¢907 million in 2025, estimating that the agency fees from the programme were higher than the reported surplus.
He accused GoldBod of taking credit for the economic benefits of the programme while distancing itself from the financial losses. The Minority also raised concerns about GoldBod's changing funding arrangements and accused the CEO of using inappropriate language when responding to the allegations.
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