{
  "id": 1938715,
  "title": "Nobody is saying there haven’t been losses, but be factual about it – Sammy Gyamfi to critics",
  "url": "https://urgent.news/2026/08/19/nobody-is-saying-there-havent-been-losses-but-be-factual-about-it",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-19T12:38:29.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/nobody-is-saying-there-havent-been-losses-but-be-factual-about-it-sammy-gyamfi-to-critics/"
  },
  "original_language": "en",
  "account": "Sammy Gyamfi, the CEO of the Ghana Gold Board (GoldBod), has called on critics to provide accurate information when discussing the institution's financial performance. At the Government Accountability Series, Gyamfi acknowledged that GoldBod, like any gold trading entity, can experience losses. However, he rejected claims that are misleading about the organization's performance. Gyamfi emphasized that GoldBod operates as a specialized gold trading institution, distinct from the Bank of Ghana, which is primarily responsible for monetary and financial stability. The central bank was not originally designed to trade gold as part of its core functions. Instead, GoldBod was established to manage Ghana’s gold purchasing and trading activities, providing a dedicated institution with the necessary mandate, resources, and capacity. Since March, GoldBod has expanded its activities beyond the purchase of physical gold to include derivatives and other forms of gold trading, stating that they trade gold 24/7. While losses are possible in trading, Gyamfi's aim is to ensure that GoldBod's overall profits surpass any losses incurred during its operations. Gyamfi's comments follow calls from Minority Leader and Effutu MP Alexander Afenyo-Markin for a more evidence-based discussion about GoldBod's operations, particularly following allegations of a GH¢22 billion loss. He stressed that discussions about losses should accurately reflect the institution's actual financial records.",
  "summary": "Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has urged critics of GoldBod to be factual in their assessment of the institution’s financial performance, saying public discussions about its operations should be based on accurate information.",
  "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."
}