Ghana news briefing
How is it a crime if US$279m is allocated to Gold Board? – Sammy Gyamfi questions Abena Osei-Asare
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has questioned why the release of US$279 million to the institution is being criticised, insisting that the funds were approved as part of the 2025 Budget and were intended to serve as revolving seed capital.
If the Ministry of Finance makes a budgetary allocation for you and subsequently releases that money, how is that evidence of GoldBod syphoning public funds?
Speaking on the Joy FM Super Morning Show on Friday, July 24, he said the Ministry of Finance had made provision for revolving seed capital to support the operations of the newly established GoldBod and was therefore obliged to release the funds.
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