The Ghana Gold Board (GoldBod) has dismissed media reports claiming it incurred losses of more than GH¢3 billion in its first year of operation, describing the allegation as “false” and “deliberately contrived.”
The response follows a report by Accra-based Asaase Radio suggesting that the institution was operating at a major loss.
In a statement issued on Monday, November 17, 2025, GoldBod said the publication lacks merit and attempts to distort the board’s role in supporting Ghana’s economic recovery.
“The publication under reference is entirely false and deliberately contrived to undermine the successes and significant contributions of the GoldBod,” the board said.
GoldBod stressed that, contrary to the claims, it has been making “significant surpluses and profits” since its establishment. The board added that its upcoming quarterly financial statements—expected to be released soon on its official website—will confirm its strong financial performance.
It urged the public to disregard the report and called on Asaase Radio to retract the story and issue an unqualified apology for what it described as a misleading and unethical publication.
Story by Doe Benjamin Kofi Lawson