Ghana Gold Board CEO Refutes Loss Claims, Reports Surplus Revenue of GH¢960 Million

Sammy Gyamfi, the CEO of the Ghana Gold Board, has strongly dismissed allegations of the institution incurring financial losses, labeling such claims as mere "hallucinations." In a recent interview with JoyNews, Gyamfi highlighted that the Gold Board achieved a revenue surplus exceeding GH¢960 million for the year 2025, while maintaining disciplined expenditures that totaled below GH¢120 million. He underscored the board's commitment to transparency and encouraged the public to review the financial reports available on their official website. Furthermore, Gyamfi questioned the rationale behind assertions that losses were being transferred to the Bank of Ghana, emphasizing that there were no actual losses to transfer. His statements aim to clarify the financial health of the Gold Board amidst circulating rumors.