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This article details a significant and escalating dispute between the Minority Caucus in Parliament and Sammy Gyamfi, the CEO of Ghana Gold Board (GoldBod). A formal statement issued on August 22, 2026, by Deputy Minority Leader Patricia Appiagyei, directly addressed Gyamfi’s remarks following questions regarding GoldBod’s financial standing and the Bank of Ghana’s Domestic Gold Purchase Programme. The statement underscores a clear rejection of Gyamfi’s assertions as unfounded allegations.
The Minority Caucus, led by Appiagyei, unequivocally rejected Gyamfi’s public responses, emphasizing that these were entirely without basis and constituted a deliberate attempt to characterize members of the Minority through personal attacks. Specifically, the statement highlighted that Gyamfi’s actions crossed a critical line, directing personal characterisations towards Minority Leader Alexander Afenyo-Markin. This direct targeting is a core component of the caucus’s stance.
In response to questions regarding GoldBod’s financial position and the Bank of Ghana’s Domestic Gold Purchase Programme, the Minority has maintained that its concerns originated not from partisan motives but from an internal investigation into an official International Monetary Fund (IMF) report. The IMF report, the caucus argues, contains crucial findings that directly relate to the observed financial losses. The caucus insists that it has diligently sought and will continue to pursue a full and transparent reconciliation of GoldBod’s audited financial statements against these identified losses, a process initiated in October 2023.
Crucially, the Minority framed this dispute firmly within the context of parliamentary oversight, asserting that scrutinising the operations and finances of public institutions is a fundamental democratic responsibility. The caucus contends that such scrutiny, while vital, should not be interpreted as an attack on those institutions. Specifically, it invoked Ghana’s Code of Conduct and Ethics for Political Appointees, calling on all public officials, including Gyamfi, to uphold standards of civility, restraint, and respect. The caucus explicitly stated that it would pursue appropriate institutional channels if those standards continued to be breached, indicating a commitment to a thorough and impartial review.
The Instagram post below provides a pertinent context: Earlier this week, YEN.com.gh published a report detailing that Sammy Gyamfi’s attorneys have disclosed that he is not connected to GH200 million in lost monies.
Furthermore, the legal notice confirms that Dominic Bonsu’s company licence was suspended and that the High Court in Accra had detained and remanded him. This legal matter has become a significant point of contention within the GoldBod context.
GoldBod acknowledged the suspension of Bonsu’s company licence and the High Court’s detention and remand. The company’s legal counsel has stated that the suspension was a result of a breach of regulations and the High Court has ordered a review of the situation. This situation underscores the seriousness with which GoldBod is treating the allegations.
The Minority Caucus reiterated its intention to engage the matter through factual and measured inquiry, consistent with the dignity expected of public office. The caucus emphasized that it intends to seek a thorough and impartial investigation into the allegations, a process they believe is essential to ensure transparency and accountability.
The Instagram post is below:
Portia Arthur (Entertainment Editor)
Portia Arthur holds a BA in publishing from Kwame Nkrumah University of Science and Technology (2013). She has nearly a decade of experience in journalism. She worked as a Lifestyle editor for Pulse.com.gh for almost six years. She joined YEN.com.gh in 2022 as its pioneer fashion editor. She has also worked with celebrities and footballers in image consultancy and management. She has completed Google News Initiative News Labs courses and Advanced Lab courses in Advanced Digital Reporting, Fighting misinformation. She can be reached via email: portia.arthur@yen.com.gh
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