Sammy Gyamfi rubbishes Afenyo-Markin's $1.7 billion GoldBod loss claim

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has denied claims by Minority Leader in Parliament, Alexander Afenyo-Markin, that the institution incurred losses of $1.7 billion in 2025.

Addressing the claims during the Government Accountability Series on Wednesday, August 19, 2026, Gyamfi described them as “barefaced lies”.

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He said the Minority Leader and some members of his party had repeatedly made the claims despite GoldBod’s earlier efforts to disprove them.

“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 said.

Gyamfi said, contrary to the claims, GoldBod recorded significant profits in 2025, with an overall surplus of GH¢5.4 billion.

He cited the Auditor General’s report on GoldBod’s 2025 financial statements as evidence.

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“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 GH¢907 million and an overall surplus of profits of GH¢5.4 billion. This is an incontrovertible fact,” he added.

MAG/VPO

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