(From L to R) Sammy Gyamfi, Dr Abdul Kabiru Tiah Mahama, and Samson Lardy
The Member of Parliament (MP) for Walewale, Dr Abdul Kabiru Tiah Mahama, had a torrid time on the Saturday, January 4, 2025, edition of JoyNews Newfile, where he was confronted with claims made by members of his party on the operation of the Ghana Gold Board, GoldBod.
The MP, during a panel discussion on the programme, spoke to defend claims that the leadership of Sammy Gyamfi, the Chief Executive Officer of the board, appointed Bawa-Rock Company Limited as the sole buyer of gold in the country and that Bawa-Rock was incorporated just in 2025 to farm, among other things, except trading in gold.
Sammy Gyamfi, who was also a panellist on the programme, refuted the claims by the members, providing evidence that Bawa-Rock was incorporated in 2015 and has been given licences to deal in gold trading since 2016.
He also proved that the company’s name was changed from Bawa-Rock Company Limited to Bawa-Rock Limited in 2023, with documents from the Registrar General’s Department.
However, the Walewale legislator maintained that there is some foul play in the current role being played by the company.
He claimed that the company’s objective was changed to include the trading of gold only in 2025, the year he claimed the company’s name was changed.
“Bawa-Rock Company Limited is not the same as Bawa-Rock Limited. Bawa-Rock Company Limited has been changed to Bawa-Rock in 2025, and the object of incorporation. And I’m surprised that my brother Sammy Gyamfi did not give us the initial object of incorporation, because the initial object has been changed to now include the matters we are talking about in 2025.
“Because the parent company, as it was established in 2015, clearly has in its object the things that they were doing, farming… mining, but it did not have as its core mandate being an aggregator and being a trader, gold trading as its major object of incorporation,” he argued.
The host of the programme, renowned private legal practitioner Samson Lardy, interjected and said that the fact that the name of the company was changed does not mean that its object was also changed, saying that it was “basic company law,” and challenged the MP to prove his claim.
The MP also appeared to have mistaken the date on the documents Sammy Gyamfi presented, which was in 2025, as the date the company’s name was changed, which was pointed out by Lardy.
Tiah Mahama, however, still maintained his claim that the company’s object was changed to include the gold trade when its name was changed, despite the evidence showing that it had been trading gold since 2016, which attracted a reaction from Sammy Gyamfi.
The GoldBod CEO indicated that the MP was clearly displaying his ignorance with the claims he was making.
“Bawa-Rock was registered on 14th January 2015. Bawa-Rock then changed its name from Bawa Rock Limited to Bawa Rock Company Limited on the 20th day of November, 2023. Correct? This is it?
“A change of name is not the same as a change of objects. Please don’t embarrass yourself. Kojo Oppong Nkrumah goes to do a presser, runs away from NewsFile, sends you, and you come and embarrass yourself about things you don’t know,” he said.
Watch video from the programme below:
BAI
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