The Ghana Gold Board (GoldBod) has denied claims circulating on social media that a businessman, alleged to be a former bodyguard of its Chief Executive Officer, Sammy Gyamfi, absconded with GH¢200 million belonging to the institution.
In a statement issued on Monday, August 3, 2026, the GoldBod described the widely circulated social media publication as “entirely false, malicious and deliberately intended to mislead the public.”
The viral news card alleged that the proprietor of Dominic Bonsu Ventures, purportedly described as a former bodyguard to GoldBod CEO Sammy Gyamfi, had disappeared with GH¢200 million entrusted to him by the state agency.
However, the GoldBod categorically rejected the allegations, insisting that there is no truth whatsoever in the claims.
According to the Board, Dominic Bonsu has never served as a bodyguard or personal security officer to Mr. Sammy Gyamfi, contrary to what has been suggested in the social media publication.
It further stressed that the institution has neither advanced nor lost GH¢200 million or any amount of money to Dominic Bonsu or his company, Dominic Bonsu Ventures.
Providing details of the matter, GoldBod explained that Dominic Bonsu Ventures had its licence suspended after the company was suspected of violating the terms and conditions of its operating licence, as well as the GoldBod Trading Directives, in accordance with the Ghana Gold Board Act, 2025 (Act 1140).
The Board disclosed that following investigations and subsequent enforcement actions, Dominic Bonsu was arrested and arraigned before the High Court in Accra, where he was remanded into lawful custody.
According to the statement, the businessman remains in custody while legal proceedings against him continue.
GoldBod expressed concern over what it described as a deliberate attempt to distort facts surrounding the ongoing enforcement action through the spread of false information.
“The GoldBod is deeply concerned by the deliberate publication of falsehoods designed to distort an ongoing enforcement action, misinform the public and undermine confidence in its operations,” the statement noted.
The institution urged the public to disregard the circulating claims and instead rely on information published through its official communication channels.
It also appealed to media organisations, bloggers and social media users to verify information before publication, emphasizing the importance of responsible journalism in combating misinformation.
GoldBod reaffirmed its commitment to enforcing Ghana’s gold trading laws fairly, professionally and without fear or favour, adding that it will continue to uphold the provisions of the Ghana Gold Board Act in regulating the country’s gold trading sector.
By 1960news.com
