GH¢5.4 Billion Surplus, Not Loss: Sammy Gyamfi Sets Record Straight At PAC Hearing

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed claims that the Board has recorded losses.

Speaking at the Public Accounts Committee (PAC) hearing today, Sammy Gyamfi said the assertion is not supported by facts, revealing that the Board is rather highly profitable.

According to him, GoldBod recorded an operational surplus of about GH¢900 million and a total surplus of about GH¢5.4 billion.

PAC hearing: The claim that the Gold Board has made a loss is not supported by the facts. The Board recorded an operational surplus of about GH¢900 million and a total surplus of about GH¢5.4 billion. Sammy Gyamfi, GoldBod CEO says, Joy News posted on Facebook.

His clarification comes after reports on social media suggested that the newly established Gold Board had incurred losses in its first year of operation.

Sammy Gyamfi told the Committee that GoldBod remains financially sound and is on track to deliver on its mandate of regulating and optimizing Ghana’s gold trade for national development.

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