Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has strongly rejected claims that the institution recorded losses, insisting that its audited financial statements show significant surpluses for the 2025 financial year.
Gyamfi described the claims attributed to Minority Leader Alexander Afenyo-Markin as false and challenged him to consider the figures contained in GoldBod’s audited annual report and financial statements.
In a statement, Gyamfi accused Afenyo-Markin of persistently spreading what he described as a “blatant lie” about GoldBod’s financial performance.
“The blatant lie being persistently peddled by Afenyo Markin that the GoldBod has made losses, is only a figment of his hallucinatory imagination,” Gyamfi stated.
He went further to question Afenyo-Markin’s performance as Minority Leader, describing him as “a joke of a Minority Leader.”
At the centre of Gyamfi’s response is page 16 of GoldBod’s audited Annual Report and Financial Statements for the year ended December 31, 2025.
According to Gyamfi, the document records an operational surplus/profit of GH¢907 million, while the overall surplus/profit for the period stood at approximately GH¢5.4 billion.
He argued that these figures directly contradict claims that the institution made losses during the period under review.
Gyamfi also sought to emphasise the credibility of the figures by pointing out that the financial statements were audited and published by the Auditor-General of Ghana.
“For the avoidance of doubt, this audit report was prepared and published by the Auditor-General of the Republic of Ghana. Facts are sacrosanct,” he added.
The statement comes amid an ongoing political debate over GoldBod’s performance and the government’s management of Ghana’s gold sector.
GoldBod has become an important institution in discussions surrounding the country’s gold trade, particularly as the government seeks to strengthen its role in the buying and marketing of Ghanaian gold.
The financial performance of the institution has consequently attracted considerable political attention, with government representatives and opposition figures offering competing assessments.
Gyamfi’s latest comments appear aimed at providing what he considers documentary evidence to counter criticism from the opposition side.
By referring specifically to an audited financial statement, the GoldBod CEO is seeking to shift the debate from political claims to figures contained in an official financial document.
The disagreement also reflects the wider political contest between the governing National Democratic Congress (NDC) and the opposition New Patriotic Party (NPP) over the management of Ghana’s economy and public institutions.
While Gyamfi has presented the reported surplus figures as evidence of GoldBod’s financial performance, the broader political debate over the institution’s operations is expected to continue.
The claims and counterclaims have placed greater public attention on GoldBod’s accounts and the financial results contained in its official reports.
For now, Gyamfi maintains that the audited figures provide a clear response to allegations that GoldBod recorded losses.
His statement has also challenged Afenyo-Markin and other critics to consider the official financial records when assessing the institution’s performance.
The matter is likely to remain part of Ghana’s political and economic discourse as stakeholders continue to debate GoldBod’s role and financial position.
Source: Thepressradio.com
