The Ghana Gold Board (GoldBod) has strongly refuted media reports claiming that the institution has recorded losses of more than GH¢3 billion in its first year of operation.
In a firm rebuttal issued by its Media Relations Unit, GoldBod dismissed the publication originating from Asaase Radio as “entirely false” and “deliberately fabricated” with the intention of undermining the agency’s growing role in Ghana’s economic recovery efforts.
GoldBod stressed that, contrary to the allegations, the Board has been generating “significant surpluses” since its inception. It indicated that its financial performance has been consistently positive and will soon be made publicly available through quarterly financial statements to be published on the agency’s official website. These reports, the Board noted, will offer transparent evidence of its fiscal health.
Describing the Asaase Radio publication as “misleading, unethical and damaging,” GoldBod urged the public to disregard the claims entirely. It further demanded that the media house retract the story without delay and issue an unqualified public apology for the misinformation.
The statement reaffirmed the Board’s commitment to transparency, professionalism and accountability. It emphasized that GoldBod continues to play a critical role in stabilizing Ghana’s economy through reforms in the gold sector, improvements in revenue assurance and strengthened oversight of the country’s gold value chain.
GoldBod also reiterated that its work is already contributing to broader economic reforms, helping to position gold more strategically within Ghana’s financial architecture.
The agency, headquartered in the former Bank of Ghana building on Accra’s High Street, is led by Chief Executive Officer Samuel Gyamfi, Esq., under whose leadership it says it has implemented robust revenue controls and operational systems aimed at maximizing national benefit from Ghana’s gold resources.
GoldBod concluded by assuring the public that it remains focused on its mandate and will continue to operate with integrity as it supports Ghana’s economic transformation.
