The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has rejected claims that the state-owned gold trading institution made losses in 2025, insisting that its audited financial statements show a strong surplus for the year.
Mr Gyamfi described assertions by the Minority Leader of Parliament, Alexander Afenyo-Markin, that GoldBod had incurred losses as “a blatant lie,” arguing that the claim is contradicted by the institution’s audited financial statements for the year ended December 31, 2025.
According to Mr Gyamfi, the audited Annual Report and Financial Statements of GoldBod disclose an **operational surplus/profit of GH¢907 million** for the 2025 financial year.
He further stated that the accounts recorded an overall surplus/profit of GH¢5.4 billion, figures he said directly challenge claims that the institution operated at a loss.
“Facts are sacrosanct,” Mr Gyamfi said in a statement accompanying the relevant page of the audited financial statements.
He urged the public to rely on the official audited accounts rather than political claims about the financial performance of GoldBod.
Mr Gyamfi placed particular emphasis on the authority of the document, noting that the financial statements were audited and published by the Auditor-General of the Republic of Ghana.
He said the figures contained in the report therefore provide an authoritative basis for assessing GoldBod’s financial performance for 2025.
“For the avoidance of doubt, this audit report was prepared and published by the Auditor-General of the Republic of Ghana,” he stated.
The GoldBod CEO’s comments come amid an emerging political debate over the financial performance of the institution and the government’s management of Ghana’s gold resources.
The distinction between the operational surplus and the overall surplus is central to Mr Gyamfi’s response.
The reported GH¢907 million operational surplus represents the performance from GoldBod’s operations, while the GH¢5.4 billion overall surplus reflects the broader financial outcome reported in the audited accounts.
Mr Gyamfi argues that both figures demonstrate that GoldBod did not make the losses alleged by the Minority Leader.
His comments also seek to shift the debate from political assertions to the audited financial record of the institution.
GoldBod has assumed a significant role in Ghana’s gold sector, particularly in the government’s efforts to formalise the gold trade and strengthen the country’s participation in the international gold market.
As the institution’s activities expand, its financial performance has increasingly become a subject of public and political scrutiny.
The latest exchange between Mr Gyamfi and Mr Afenyo-Markin is therefore likely to intensify discussions about GoldBod’s revenues, expenditures, operational performance and the broader economic impact of the government’s gold-trading policies.
For Mr Gyamfi, however, the figures contained in the audited 2025 financial statements provide a clear basis for rejecting claims that GoldBod operated at a loss.
He maintained that the official figures GH¢907 million in operational surplus and GH¢5.4 billion in overall surplus speak for themselves.
The GoldBod CEO consequently challenged those making contrary claims to account for the discrepancy between their assertions and the figures contained in the Auditor-General’s audited report.
“Facts are sacrosanct,” he reiterated.
By 1960news.com
