{"id":207781,"date":"2025-12-30T04:26:11","date_gmt":"2025-12-30T04:26:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/207781\/"},"modified":"2025-12-30T04:26:11","modified_gmt":"2025-12-30T04:26:11","slug":"sammy-gyamfi-speaks-on-alleged-214-million-bog-losses","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/207781\/","title":{"rendered":"Sammy Gyamfi speaks on alleged $214 million BoG losses"},"content":{"rendered":"<p class=\"article-image\"><a href=\"http:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Sammy-Gyamfi-speaks-on-alleged-214-million-BoG-losses-2015685?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/34302625.295.jpg\" alt=\"Sammy Gyamfi is the CEO of GoldBod\" title=\"Sammy Gyamfi is the CEO of GoldBod\" width=\"295\" height=\"178\" \/> <\/a>Sammy Gyamfi is the CEO of GoldBod<\/p>\n<p id=\"article-123\">The CEO of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has responded to the Minority Caucus in Parliament following their demand for an investigation into alleged $214 million losses under the Bank of Ghana\u2019s Gold-for-Reserves programme.<\/p>\n<p>The Ranking Member on the Economy and Development Committee, Kojo Oppong Nkrumah on Monday, December 29, 2025, called for a parliamentary inquiry with powers to subpoena contracts, licences and intermediaries involved in the scheme. <\/p>\n<p>They Minority also urged criminal prosecution if negligence or corruption is uncovered.<\/p>\n<p>However, in a post on his X page on December 29, 2025, Gyamfi dismissed the criticisms as hypocritical, arguing that losses were far greater under the previous New Patriotic Party (NPP) administration.<\/p>\n<p>\u201cHere\u2019s the paradox, the NPP, under whom the BoG recorded cumulative losses of GH\u00a27 billion through the G4O and G4R programmes, is now demanding a probe into how the BoG and GoldBod have reduced those losses to GH\u00a23.3 billion. What a joke!\u201d he wrote.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/GoldBod-rejects-IMF-claims-of-214m-loss-in-BoG-Gold-for-Reserve-program-2015167\" rel=\"nofollow noopener\" target=\"_blank\">GoldBod rejects IMF claims of $214m loss in BoG Gold-for-Reserve program<\/a><\/p>\n<p>He further emphasised the economic progress achieved under current management, citing falling inflation and a stronger currency.<\/p>\n<p>\u201cAs of 2025, the BoG, working with GoldBod, has cut recurring losses to GH\u00a23.3 billion. Inflation has dropped for 11 straight months from 23.8% to 6.3%, while the Ghana cedi has appreciated by more than 35% against the US dollar, the first time the cedi has gained value since 2007,\u201d he noted.<\/p>\n<p>The GoldBod CEO welcomed the proposed parliamentary probe, pledging to provide full details and explanations beginning January 5, 2026.<\/p>\n<p>Check Sammy Gyamfi&#8217;s X post below:<\/p>\n<p lang=\"zxx\" dir=\"ltr\" xml:lang=\"zxx\"><a href=\"https:\/\/t.co\/JKrQRZGDZe\" rel=\"nofollow\">pic.twitter.com\/JKrQRZGDZe<\/a><\/p>\n<p>\u2014 Sammy Gyamfi (@SammyGyamfi_) <a href=\"https:\/\/twitter.com\/SammyGyamfi_\/status\/2005671346806882619?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">December 29, 2025<\/a> <\/p>\n<p>SP\/AM<\/p>\n<p>All you need to know about Ghana&#8217;s new vehicle number plates |BizTech:<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Sammy Gyamfi is the CEO of GoldBod The CEO of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has&hellip;\n","protected":false},"author":2,"featured_media":207782,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-207781","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/207781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=207781"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/207781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/207782"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=207781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=207781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=207781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}