Televise It Live: PAGA wants public hearings on AKSA bribery claims

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Stephen Donkor, New York. 1 week ago

ANOTHER BOMBSHELL CORRUPTION NEWS IN MAKING?

NEW SERIOUS BREAKING NEWS, BREAKING NEWS !!!

NPP I’M WAITING FOR IMMEDIATE ACTION TO CURTAIL NDC CARTEL OWNED GOLD BOARD FROM MILKING GHANA THROUGH ENVIRONMENTAL DEVASTATI ...
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ANOTHER BOMBSHELL CORRUPTION NEWS IN MAKING?

NEW SERIOUS BREAKING NEWS, BREAKING NEWS !!!

NPP I’M WAITING FOR IMMEDIATE ACTION TO CURTAIL NDC CARTEL OWNED GOLD BOARD FROM MILKING GHANA THROUGH ENVIRONMENTAL DEVASTATION AND POCKETING THE PROCEEDS!

SAMMY GYAMFI’S GOLD BOARD HAS EMBARKED ON ANOTHER SEEMINGLY SHADY SCHEMES TO AVOID OVERSIGHTS.

IT TURNED OUT THAT AFTER THE BANK OF GHANA MADE JUST A PARTIAL DISCLOSURE ABOUT THE COLOSSAL FINANCIAL LOSS OF SAMMY GYAMFI AND HIS CARTEL CONTROL GOLD BOARD, THE LATTER AND HIS NDC CARTEL WILLFULLY DIVERSIFIED GOLD BOARD FROM BANK OF GHANA’S JURISDICTION TO A SELF OPERATED ENTITY TO AVOID ACCOUNTABILITY.

THERE IS NO WAY GOLD BOARD’S SEEMINGLY ARGUABLE HUMONGOUS FINANCIAL LOSS COULD HAVE BEEN UNCOVERED HAD IT NOT BEEN THROUGH BANK OF GHANA’S ENGAGEMENT WITH THE IMF.

MY QUESTION IS —

IS THE GOLD BOARD NOW A GHANAIAN GOVERNMENT OWNED CORPORATE ENTITY OR A PRIVATE CORPORATION OWNED BY JOHN MAHAMA AND HIS NDC CARTEL? WHERE DID GO WRONG?

NEWS REPORT BY : AFRICA BUSINESS INSIDER.

“GoldBod CEO Sammy Gyamfi disclosed the development on August 11, saying the institution stopped receiving funding from the central bank in March 2026 and has since moved to a self-funded model.
Under the new arrangement, GoldBod raises financing directly from commercial banks and gold offtakers to purchase and aggregate gold for export and reserve accumulation.

The arrangement dates back to Ghana’s Domestic Gold Purchase Programme (DGPP), established by the Bank of Ghana to increase its gold reserves by purchasing gold produced domestically Before GoldBod was created, the Precious Minerals Marketing Company (PMMC) served as the central bank’s buying agent under the programme. GoldBod inherited that role when it was established in April 2025, continuing to purchase and aggregate gold with funding provided by the Bank of Ghana.
According to GoldBod, the central bank also covered the costs associated with gold aggregation under the arrangement.
That model has now ended.

GoldBod said its transition to direct financing is intended to strengthen its operational independence while allowing it to continue mobilising substantial volumes of gold for exports and reserve accumulation.

“The shift marks a major step towards GoldBod’s operational and financial independence,” the institution said in its statement.
The move also changes the relationship between GoldBod and the Bank of Ghana, with the gold authority now taking greater responsibility for financing its core purchasing activities.

Gyamfi said the new financing model has already produced positive results, with GoldBod able to raise funds from commercial banks and offtakers without relying on direct financing from the central bank.
The development comes as Ghana seeks to maximise the economic value of its position as Africa’s largest gold producer, particularly by using locally produced gold to support foreign-exchange generation and reserve accumulation.

GoldBod said the self-funded model will allow it to operate more independently while maintaining its gold aggregation activities.
The change does not mean Ghana is abandoning its domestic gold purchase strategy. Instead, the country is separating the purchase and aggregation of gold from the financing and management of its monetary reserves”.
Helen 1 week ago

The Saglemi loot is more than 150 tines this AKSA scandal. I'm surprised nobody went to jail during serpent's rule. Was Akuffo given something to drop that prosecution? $200m for 5,000 housing units approved by Parliament. Th ...
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The Saglemi loot is more than 150 tines this AKSA scandal. I'm surprised nobody went to jail during serpent's rule. Was Akuffo given something to drop that prosecution? $200m for 5,000 housing units approved by Parliament. They spend $198m to construct 1,500 units and we are quiet about this. Is this loot not greater than the cathedral loot? What's happening in this country?
Pelicles 1 week ago

NDC freed those people when they came to power.

NDC freed those people when they came to power.
Koti 1 week ago

Nothing will happen to them - Sedina's case is a test case.

Nothing will happen to them - Sedina's case is a test case.

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Televise It Live: PAGA wants public hearings on AKSA bribery claims

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