August 19, 2026 – Adomonline.com – Sammy Gyamfi, the Minority Leader in Parliament, has vehemently refuted claims that the Ghana Gold Board (GoldBod) recorded a $1.7 billion loss in 2025, a claim vehemently contested by the institution itself. Gyamfi, during a Government Accountability Series address, refuted the accusation, stating that GoldBod’s audited financial statements present a demonstrably different picture of the institution’s financial health. The claim, repeated across multiple parliamentary sessions and media outlets, has been repeatedly debunked by GoldBod, a cornerstone of Ghana’s gold trading sector.
GoldBod has, on numerous occasions, challenged the assertion, emphasizing the importance of relying on audited financial records when evaluating the board’s performance. According to Gyamfi, the audited annual report and financial statements for the year ended December 31, 2025, reveal a significant operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion. He clarified that the audited figures, meticulously prepared by the Auditor-General, accurately reflect the institution’s financial position.
Gyamfi further emphasized that the audited statements, meticulously reviewed by the Auditor-General, demonstrate a clear operational surplus, a fact that contradicts the politically-motivated allegations circulating. He asserted that the audited financial statements, rather than any unsubstantiated claims, constitute the fundamental basis for discussions concerning GoldBod’s financial performance. The claim has been repeatedly refuted by GoldBod, and Gyamfi’s statement underscores the institution’s commitment to transparency and verifiable data.
In a detailed presentation, GoldBod reported a total operational surplus of GH¢907 million and an overall surplus of GH¢5.4 billion for the year ended December 31, 2025. This figure, Gyamfi stated, represents a crucial element of the institution’s financial stability and underscores its robust operational management. The Auditor-General’s assessment of the financial statements is considered an incontestable fact, and the institution’s commitment to transparency and verified reporting is a cornerstone of its operational strategy.”
“This situation highlights a critical element of the gold trading landscape – the need for independent verification of financial data,” stated Gyamfi. ‘The allegations surrounding GoldBod’s financial performance are deeply concerning, and we must ensure that the public has access to accurate and reliable information through audited financial statements.’ The controversy surrounding the $1.7 billion loss claim underscores the importance of rigorous oversight and accountability within the gold industry, a topic Gyamfi emphasized as a key area for further scrutiny.”
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Source: Adom Online
