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By Lawrence Odoom/Phalonzy
The Chief Executive Officer of the Ghana Gold Board, Lawyer Sammy Gyamfi, has vehemently rejected allegations that GoldBod incurred losses under the Gold-for-Reserves programme, asserting that the institution concluded 2025 year with a robust financial surplus.
Appearing on JoyNews’ Newsfile, Mr. Gyamfi dismissed reports suggesting a US$214 million loss as utterly false, citing that GoldBod generated over GHS960 million in revenue in 2025, with total expenditure remaining below GHS120 million, based on unaudited management accounts.
“Has GoldBod made a loss? Emphatically no. The GoldBod, even though it is not a profit-making public operation, has not made any losses. The GoldBod for the year 2025 generated revenue to the tune of GHS960 million, a little over that. Our expenditure for the year 2025 stands below GHS120 million. These are all unaudited accounts,” he emphasized.
Mr. Gyamfi further stated that GoldBod is set to declare a conservative surplus of between GHS700 million and GHS800 million for 2025, highlighting the institution’s adherence to transparency and accountability.
He also refuted claims that GoldBod transferred losses to the Bank of Ghana, labeling the assertion as illogical.
