GOLDBOD HASN’T MADE ANY LOSSES; WE MADE OVER GH₵960M IN 2025 – GoldBod CEO, Sammy Gyamfi

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has firmly dismissed claims that the institution recorded losses under the Gold-for-Reserves programme, insisting that GoldBod ended 2025 with a significant financial surplus.

Speaking on JoyNews’Newsfile on Saturday, January 3, Mr Gyamfi described reports suggesting a US$214 million loss as false and misleading.

“Emphatically, no. GoldBod, even though it is not a profit-making public institution, has not made any losses,” he stated.

According to him, GoldBod generated over GH₵960 million in revenue in 2025, while its total expenditure for the same period remained below GH₵120 million, based on unaudited figures.

“These are management accounts, and from all indications, we are on course to declaring an income surplus,” Mr. Gyamfi explained.

“GoldBod does not declare profits; it declares surplus. There is a clear distinction between profit-making institutions and surplus-making public institutions.”

NKONKONSA.com