GoldBod dismisses GH¢22bn loss claim, reports GH¢907m surplus

The Ghana Gold Board (GoldBod) has strongly refuted allegations made by the Minority regarding a significant financial loss. The Minority claimed the board incurred a GH¢22 billion (US$1.7 billion) loss from its operations under the Domestic Gold Purchase Programme in 2025. GoldBod has labeled these claims as misleading and an effort to undermine its contributions to the current administration's economic transformation agenda.

In its dismissal of the claims, GoldBod asserted that it actually recorded an operational surplus of GH¢907 million. This figure directly contradicts the reported losses, suggesting a more positive financial standing than alleged. The board emphasized its commitment to the economic development goals championed by President John Dramani Mahama.

The statement from GoldBod appears to be an effort to manage public perception and counter what it views as politically motivated accusations. By highlighting its operational surplus and its alignment with the government's economic objectives, the board seeks to reinforce its legitimacy and its role in the nation's economic progress.