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Attractive News Blog of Thursday, 25 December 2025
Source: Andre Mustapha NII okai Inusah
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has firmly rejected claims that Ghana incurred losses under the gold-for-reserves programme, describing reports of a US$214 million loss as inaccurate and misleading.
According to Mr Gyamfi, the Ghana Gold Board has not suffered any financial setback since it began operations. Instead, he said the institution recorded a significant surplus in 2025 through its gold trading programmes.
“First and foremost, the Ghana Gold Board has made no losses. Rather, the GoldBod has made a significant profit or surplus under its gold trading programmes in the year 2025,” he stated.
He clarified that the sale and trading of gold purchased under the programme does not fall within the mandate of GoldBod. “The selling or trading of gold purchased by GoldBod to off-takers lies in the exclusive domain of the Bank of Ghana,” Mr Gyamfi explained, adding that the Board is not aware of any US$214 million loss incurred by the Bank of Ghana.
