{
  "id": 14240742,
  "title": "GoldBod recovers GH¢38.7m in legacy PMMC debts, targets remaining arrears",
  "url": "https://urgent.news/2026/10/13/goldbod-recovers-gh-38-7m-in-legacy-pmmc-debts-targets-remaining",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T16:09:14.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/goldbod-recovers-gh%c2%a238-7m-in-legacy-pmmc-debts-targets-remaining-arrears/"
  },
  "original_language": "en",
  "account": "The Ghana Gold Board (GoldBod) has recouped GH¢38.71 million from the GH¢55.88 million debt owed to its predecessor, the Precious Minerals Marketing Company (PMMC), accounting for around 69.2% of the outstanding amount. GoldBod's CEO, Sammy Gyamfi, revealed this during a parliamentary hearing on October 13, 2026. The company aims to pursue the remaining debts via legal and civil recovery methods. The debts were discovered during an audit of PMMC's financial records from 2020 to 2024, as the company had gone un-audited for five years in a row since its inception. When GoldBod took over in January 2025, it found that PMMC had GH¢55.88 million owed by third parties as of December 31, 2023. Following demand notices to debtors, GoldBod recovered GH¢38.71 million as of September 30, 2026. Currently, approximately GH¢17.1 million remains unpaid, with GH¢7.5 million in court proceedings and GH¢9.6 million pursued through civil means like demand notices and negotiations. Gyamfi remains hopeful about recovering a greater portion of the outstanding amount before the end of 2026.",
  "summary": "The Ghana Gold Board (GoldBod) has recovered GH¢38.71 million out of GH¢55.88 million owed to its predecessor, the Precious Minerals Marketing Company (PMMC), by third parties, representing approximately 69.2 per cent of the outstanding debt.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}