{"id":215793,"date":"2026-01-04T04:02:09","date_gmt":"2026-01-04T04:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/215793\/"},"modified":"2026-01-04T04:02:09","modified_gmt":"2026-01-04T04:02:09","slug":"goldbod-made-gh%c2%a2960-million-sammy-gyamfi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/215793\/","title":{"rendered":"GoldBod made GH\u00a2960 million \u2013 Sammy Gyamfi"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/NewsArchive\/GoldBod-made-GH-960-million-Sammy-Gyamfi-2016103?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/72554870.295.jpg\" alt=\"Sammy Gyamfi is the Chief Executive Officer of the Ghana Gold Board\" title=\"Sammy Gyamfi is the Chief Executive Officer of the Ghana Gold Board\" width=\"295\" height=\"178\" \/> <\/a>Sammy Gyamfi is the Chief Executive Officer of the Ghana Gold Board<\/p>\n<p id=\"article-123\">Chief Executive Officer of the Ghana Gold Board (GoldBod), <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3412\" rel=\"nofollow noopener\">Sammy Gyamfi<\/a>, has dismissed allegations that his institution recorded losses under the Gold-for-Reserves programme, revealing a substantial financial surplus for 2025 instead.<\/p>\n<p>During his appearance on Newsfile on Saturday, January 3, Gyamfi refuted reports of a US$214 million deficit as completely inaccurate. <\/p>\n<p>He disclosed that GoldBod generated over GH\u00a2960 million in revenue last year against expenditures under GH\u00a2120 million, according to preliminary unaudited management accounts.<\/p>\n<p>He clarified that as a public entity, GoldBod does not aim for profits but surpluses, projecting a cautious figure of GH\u00a2700\u2013800 million for 2025. <\/p>\n<p>He confirmed compliance with legal requirements through quarterly financial disclosures, with a full external audit by the Auditor-General due by Q1 2026.<\/p>\n<p>\u201cHas GoldBod incurred losses? Absolutely not. Despite not being a commercial profit-driven entity, we\u2019ve posted no deficits. Revenue reached GH\u00a2960 million-plus, while spending stayed below GH\u00a2120 million; these are unaudited figures,\u201d he stated.<\/p>\n<p>He further rejected assertions that GoldBod shifted losses to the Bank of Ghana, calling the claim nonsensical. <\/p>\n<p>Gyamfi explained the programme originated as a Bank of Ghana initiative in 2022, fully funded by the central bank, with all transactions recorded in its accounts.<\/p>\n<p>Noting GoldBod\u2019s establishment in April 2025 amid an inherited inefficient structure requiring overhaul, he said legal directives mandated continuity of the Gold-for-Reserves scheme during the transition. <\/p>\n<p>Gyamfi questioned why pre-existing programme losses were being pinned on GoldBod, insisting they have meticulously accounted for every cedi from BoG, delivered equivalent gold value, and collected only authorised agency fees.<\/p>\n","protected":false},"excerpt":{"rendered":"Sammy Gyamfi is the Chief Executive Officer of the Ghana Gold Board Chief Executive Officer of the Ghana&hellip;\n","protected":false},"author":2,"featured_media":207460,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-215793","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\/215793","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=215793"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/215793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/207460"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=215793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=215793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=215793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}