Samuel Gyamfi, the Chief Executive Officer of the Ghana Gold Board (GoldBod), has debunked claims by the Minority Leader, Alexander Afenyo-Markin, that the state-owned gold-buying institution incurred losses of $1.7 billion in 2025 in while purchasing gold for the Bank of Ghana.
At a press briefing in Accra on Wednesday, August 19, 2026, the GoldBod CEO described the claims as “barefaced lie.”
He insisted that the claims by the Minority do not reflect the actual financial performance of GoldBod for the 2025 financial year.
Gyamfi accused the opposition, particularly the Minority Leader, Afenyo-Markin, of repeatedly making the claim in Parliament and through the media just to create some disaffection for the Board.
According to him, despite the GoldBod consistently disputing the allegations, with its audited financial statements presenting a significantly different picture of its financial performance, compared to what Mr. Afenyo-Markin has been propagating.
“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,” he stated.
He said the audited accounts should form the basis for assessing GoldBod’s financial performance rather than what he described as politically motivated claims.
“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 said.
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