The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has firmly rejected reports that the state-owned gold-buying agency recorded losses of $1.7 billion in 2025, branding the assertion a “barefaced lie.”
Mr Gyamfi maintained that the cited figure does not accurately represent GoldBod’s true financial results for the 2025 financial year.
Addressing the Government Accountability Series on Wednesday, 19 August 2026, he criticised the opposition particularly Minority Leader Alexander Afenyo-Markin for repeatedly advancing the claim both in Parliament and in the media.
He noted that GoldBod has on multiple occasions challenged the allegation, stressing that the organisation’s audited financial statements paint a markedly different picture of its performance.
Mr Gyamfi argued that any evaluation of GoldBod’s finances should rely on the audited accounts rather than what he characterised as politically driven assertions.
“Afenyo-Markin and his followers alleged on several occasions on the floor of Parliament and the media that the Ghana Gold Board made losses in the year 2025 repeatedly. This claim is a barefaced lie which has been debunked times without number by the GoldBod.”
“The audited annual reports and financial statements of the GoldBod for the year ended December 31, 2025, prepared and published by the Auditor General of Ghana, disclose an operational surplus of GHS907 million and an overall surplus of profits of GHS5.4 billion. This is an incontrovertible fact,” he stated.
