The Ghana Gold Board (GoldBod) has dismissed claims circulating on social media that it lost GH¢200 million to Dominic Bonsu Ventures, describing the allegations as false, misleading and calculated to damage the reputation of the institution.
In a statement issued by its Media Relations Unit, the Board said it had not given any financial support, advance payment or funds amounting to GH¢200 million, or any other amount, to Dominic Bonsu or his company.
GoldBod also rejected claims that the proprietor of Dominic Bonsu Ventures served as a bodyguard or personal security officer to its Chief Executive Officer, Sammy Gyamfi.
According to the Board, Mr Dominic Bonsu has never held such a position and the allegation forms part of what it described as an attempt to create a false impression about the relationship between the two individuals.
The statement urged the public to disregard the claims and rely on verified information from GoldBod’s official communication platforms.
GoldBod explained that the suspension of Dominic Bonsu Ventures’ licence was not linked to any financial loss but followed suspected violations of the conditions attached to its operating licence and the GoldBod Trading Directives.
The Board said the regulatory action was taken in line with provisions of the Ghana Gold Board Act, 2025 (Act 1140), which empowers the institution to oversee compliance and maintain discipline within the country’s gold trading sector.
It added that further investigations into the matter resulted in the arrest of Mr Dominic Bonsu, who was subsequently remanded by the High Court in Accra and remains subject to ongoing legal proceedings.
GoldBod expressed concern over what it described as the deliberate spread of inaccurate information aimed at distorting the facts surrounding its enforcement actions.
The Board called on journalists, bloggers and social media users to exercise caution by verifying information before publication and ensuring adherence to professional standards of responsible reporting.
It reaffirmed its commitment to transparency, accountability and fairness in regulating Ghana’s gold industry, stressing that enforcement measures would continue to be applied without fear or favour.
GoldBod assured stakeholders that it would continue working to protect the integrity and orderly development of the country’s gold trading sector while ensuring that all operators comply with the law.
