The CEO of GoldBod, Sammy Gyamfi has vociferously rebutted allegations of losses incurred by the Bank of Ghana, debunking them as ‘false and misleading propaganda’.
He underscored the institution’s robust financial performance, with unaudited statements indicating a substantial income surplus of at least GH¢600 million in 202025.
The vociferous Lawyer Gyamfi explained GoldBod’s circumscribed role, limited to local procurement, assay, and export of Gold on behalf of the Bank of Ghana, while the Central Bank retains sole responsibility for G
old sales and trading.
He also denied allegations of ‘off-taker fees’, affirming that all off-take agreements are exclusively managed by the Bank of Ghana.
Notably, GoldBod has generated a staggering $10 billion in foreign exchange for Ghana in 2025, acquiring over 100 tonnes of small-scale mining gold and bolstering cedi stability and national reserves.
The institution remains resolute in its commitment to formalizing the small-scale mining sector, enhancing transparency, and ensuring that gold revenues accrue to the Ghanaian economy.