{
  "id": 1699477,
  "title": "GoldBod cannot make losses trading gold – Afenyo-Markin",
  "url": "https://urgent.news/2026/08/18/goldbod-cannot-make-losses-trading-gold-afenyo-markin",
  "topic": "world",
  "section": "World",
  "published": "2026-08-18T11:01:43.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/goldbod-cannot-make-losses-trading-gold-afenyo-markin/"
  },
  "original_language": "en",
  "account": "Minority Leader Alexander Afenyo-Markin has criticized the management of the Ghana Gold Board (GoldBod), claiming that the institution cannot record losses from trading gold. Speaking at a press conference, he stated that the reported losses cannot be solely blamed on market conditions, as gold trading presents profitable opportunities. Afenyo-Markin argues that the losses indicate serious management and policy failures at GoldBod, suggesting that the figures presented by the minority party expose the incompetence of the board's management and the misaligned government policies. He also questions the level of oversight over GoldBod and calls for more scrutiny into how Ghana's gold resources are being managed. In response to the minority leader's claims, GoldBod CEO Sammy Gyamfi rejects the assertion of losses, asserting that the board's audited 2025 financial statements demonstrate a different financial position. According to Gyamfi, the statements recorded an operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion, dismissing Afenyo-Markin's claims as a \"blatant lie\" and a result of \"hallucinatory imagination.\" The conflicting claims have reignited discussions about GoldBod's financial performance and the management of Ghana's gold resources, focusing on accountability, scrutiny, and the interpretation of the institution's accounts and trading results.",
  "summary": "Minority Leader and Effutu MP, Alexander Afenyo-Markin, has questioned the financial management of the Ghana Gold Board (GoldBod), insisting that losses recorded from gold trading cannot be dismissed as the result of market conditions.",
  "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."
}