The Ghana Gold Board (GoldBod) has firmly dismissed media reports alleging that the statutory body recorded losses exceeding GHC3 billion in its first year of operations.
In a press statement issued on November 17, 2025, the Board described the claims—published by Asaaseradio—as “entirely false” and “deliberately contrived” to undermine its work and contributions to Ghana’s economy.
According to the statement, GoldBod has not made any losses since its establishment. Rather, it says the institution has been making “significant surpluses/profit,” contrary to what it calls the “mischievous claims” published by the media outlet.
GoldBod indicated that its quarterly financial statements, soon to be published on its official website—will provide evidence of its financial health and dispel any doubts about its performance.
“The publication under reference is entirely false and deliberately contrived to undermine the successes and significant contribution of the GoldBod to the revitalization of Ghana’s economy,”
the statement emphasised.
The Board further urged the public to treat the report from Asaaseradio “with utmost contempt,” describing it as unethical and misleading. It also called on the management of the station to retract the publication and issue an “unqualified apology” to the general public.
The statement was signed by the Media Relations Unit of the Ghana Gold Board, headquartered at the former Bank of Ghana Building on Accra’s High Street.
GoldBod was established to streamline the purchase of gold from small-scale miners and strengthen the nation’s gold value chain. Its operations have been closely watched as part of ongoing efforts to stabilise the economy and enhance revenue generation.
The Board assured stakeholders that it remains committed to transparency and will continue to publish its financials as required by law.
