The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has challenged the Minority Caucus in Parliament to invite him to appear before the appropriate committees to answer questions over claims that the institution incurred or contributed to a reported $1.7 billion loss.
Mr Gyamfi said he is ready to face Parliament and respond to all allegations concerning GoldBod’s operations, financial management and its alleged connection to the reported loss.
He specifically mentioned the Public Accounts Committee, Finance Committee, Committee on Economy and the Lands and Mines Committee as forums before which he would be prepared to answer questions.
“If they want me to appear before Parliament, I am ready. I am ready. They can invite me tomorrow, Public Accounts Committee or Committee on Economy or whatever. They should give me a Bible to swear an oath. Let’s televise it and let’s take their questions,” he said.
Mr Gyamfi made the comments during an X Space on Sunday, August 9, 2026, in response to sustained criticism from members of the New Patriotic Party (NPP) Minority Caucus, including Minority Leader Alexander Afenyo-Markin.
The Minority has raised concerns about aspects of GoldBod’s operations and financial management, including claims surrounding a $1.7 billion loss referenced in an International Monetary Fund (IMF) report.
However, Mr Gyamfi strongly disputed the interpretation being placed on the IMF report, accusing some Minority members of deliberately misrepresenting its contents to suggest that GoldBod had incurred the loss.
According to him, the relevant section of the IMF report dealt with the Gold for Reserves component of Ghana’s economic programme and did not state that GoldBod itself had incurred a $1.7 billion loss.
He maintained that GoldBod’s financial performance and activities should be assessed based on the facts and official records rather than what he described as misleading political narratives.
Mr Gyamfi further warned against attempts to tarnish the reputation of GoldBod, insisting that the institution’s work in Ghana’s gold sector should not be undermined by what he called false claims.
“Lies have a short lifespan, and it will not be under my watch somebody with a communications background that GoldBod’s good works will be tainted with lies,” he said.
The GoldBod CEO’s challenge comes as the institution continues to attract political scrutiny over its role in Ghana’s gold trading sector and its broader contribution to the country’s foreign exchange and economic management.
By publicly offering to appear before Parliament, Mr Gyamfi has called for the allegations to be subjected to formal questioning and scrutiny, with the proceedings, according to him, preferably televised for the public to follow.
The development is likely to intensify the debate between the government and Minority over GoldBod’s financial performance and the interpretation of the IMF’s assessment of Ghana’s economic programme.
