Sammy Gyamfi rejects Minority’s claims, insists GoldBod remains financially strong

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed claims by some members of the New Patriotic Party (NPP) Minority Caucus that the institution is making losses and siphoning public funds, insisting that the allegations are false and misleading.

He said GoldBod continues to make significant progress in gold purchases, foreign exchange generation, support for gold reserve accumulation, local value addition, sustainability initiatives and the achievement of its projected surplus.

According to him, despite a more than 23 per cent decline in international gold prices since February this year and a reduction in GoldBod's pricing incentives from about 14 per cent to six per cent following changes to its baseline programme, the institution remains on course to achieve its targets for the 2026 financial year.