Sammy Gyamfi Defends 2025 Financial Performance, Dismisses Claims of Losses
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has defended the institution’s financial performance for 2025, dismissing allegations of losses and mismanagement by some Members of Parliament.
In a statement issued on Friday, he said it is “an incontrovertible fact” that GoldBod declared an operational surplus of GHS909.7 million and an overall surplus of GHS5.44 billion for the year 2025.
“These facts are contained in the 2025 audited Annual Report and Financial Statements of the GoldBod prepared by the Auditor General and published on the GoldBod’s website,” he stated.
The CEO said despite a more than 23% slump in international gold prices since February this year, and a reduction in GoldBod’s pricing incentives due to the cutting down of baseline program implementation from about 14% to 6%, the Board has continued to record gains.
He noted that GoldBod remains on course in achieving successes in the volume of gold purchases, foreign exchange generation, support for gold reserve accumulation, local value addition, support for sustainability initiatives, and in meeting its surplus target for the 2026 financial year.
Sammy also responded to recent criticisms from the Minority Caucus in Parliament.
He advised the media and the public “to treat with utmost contempt the discredited cacophony of lies being rehashed in recent times about GoldBod’s operations by certain elements in the Minority Caucus.”
“Led by their pathetically ignorant Leader, Afenyo Markin, these Members of Parliament continue to make spurious claims to the effect that the GoldBod is recording losses and siphoning public funds,” he said.
He described the claims as “ridiculous” and “a figment of the imaginations of these incorrigible MPs who ought to know better,” adding that “they have no interest in learning nor any regard for the truth.”
Click to read more: https://opemsuo.com/author/hajara-fuseini/
