PMMC was not audited from 2020 to 2024 under Nana Addo and NPP – Sammy Gyamfi

In an Official Facebook Post on 13 October 2026, Kojo Anane Sonkondo highlighted comments made by Sammy Gyamfi, who alleged that the Precious Minerals Marketing Company (PMMC), now operating under the name GoldBod, was not audited for a four‑year period between 2020 and 2024. According to Gyamfi, this lapse occurred under the administration of President Nana Addo Dankwa Akufo‑Addo and the NPP, raising serious questions about transparency, accountability, and financial oversight in one of Ghana’s most critical state institutions.

Gyamfi’s claim is particularly significant given the central role PMMC, now GoldBod, plays in Ghana’s gold trading and resource management. As the body responsible for marketing and regulating precious minerals, its financial records are vital for ensuring that revenues are properly accounted for and that the nation’s resources are not mismanaged. The absence of audits over such a prolonged period, if confirmed, would represent a major breach of governance standards and could undermine public confidence in both the institution and the government’s stewardship of national resources.

Observers note that audits are not merely technical exercises but essential mechanisms for safeguarding public funds and ensuring compliance with financial regulations. Without them, questions inevitably arise about whether losses, misappropriations, or irregularities have gone undetected. Gyamfi’s assertion therefore touches on broader issues of institutional credibility and the need for rigorous oversight in Ghana’s extractive sector.

The allegation also comes at a time when GoldBod has been at the center of political controversy, with debates over its role in the Bank of Ghana’s Domestic Gold Purchase Programme and accusations of mismanagement. Gyamfi’s statement adds another layer to this ongoing discourse, suggesting that the lack of audits may have contributed to the confusion and disputes surrounding the company’s financial performance.

Critics argue that if PMMC/GoldBod was indeed left unaudited for four years, it reflects a troubling pattern of neglect in governance. They insist that institutions managing national resources must be subjected to regular scrutiny, regardless of political considerations. Supporters of Gyamfi’s position believe his revelation underscores the need for reforms to strengthen accountability and prevent political interference in state enterprises.

At the heart of the matter is a broader question about how Ghana manages its natural wealth. Transparency, regular audits, and independent oversight are critical to ensuring that resources benefit the nation rather than being lost to inefficiency or corruption. Gyamfi’s comments serve as a reminder that lapses in accountability can have far‑reaching consequences, not only for the institution involved but for the credibility of governance as a whole.

As the debate continues, many Ghanaians will be looking to see whether these claims are investigated and whether steps are taken to restore confidence in GoldBod’s operations. For now, Gyamfi’s statement has reignited public scrutiny of the government’s handling of resource management and the standards of accountability expected in a democracy.

Source: Kojo Anane Sonkondo, Official Facebook Post, 13 October, 2026.