By: Magdalene Andoh
The Ghana Gold Board (GoldBod) has firmly denied media reports suggesting that the institution has incurred losses exceeding GHC3 billion in its first year of operation.
A statement issued by the Board’s Media Relations Unit described the publication by Asaase Radio as “entirely false” and “deliberately contrived” to discredit the agency’s growing contributions to Ghana’s economic recovery.
According to the Board, contrary to the allegations, GoldBod has been making “significant surpluses” since its establishment. It added that quarterly financial statements, scheduled for publication soon on the agency’s official website, will provide proof of its positive financial performance.
GoldBod urged the public to disregard the report, describing it as “misleading and unethical.” The Board also demanded an immediate retraction and an unqualified apology from Asaase Radio.
The statement reaffirmed GoldBod’s commitment to transparency and accountability, emphasizing that its operations continue to play a key role in stabilizing the economy and supporting the country’s gold sector reforms.
The Ghana Gold Board, headquartered at the former Bank of Ghana building on Accra’s High Street, is led by Chief Executive Officer Samuel Gyamfi, Esq.
