Tag: GoldBod
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GoldBod Trading Losses Could Rise, Boako Allegedly Claims
Ghana’s Financial Watch Turns to GoldBod Ghana’s financial landscape is again in the spotlight as Dr. Gideon Boako, the Tano North MP and spokesperson for the presidency, asserts that additional losses tied to GoldBod could emerge in the Bank of Ghana’s audited accounts beyond the $214 million already reported by the International Monetary Fund (IMF).…
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Boako Claims Additional GoldBod Losses Could Hit Bank of Ghana Audits Beyond IMF Figure
Overview of the Claim Ghanaian economist and Tano North Member of Parliament Dr. Gideon Boako has raised questions about the full extent of losses linked to GoldBod, a state-owned or state-linked entity in the country’s financial landscape. Speaking in an interview on January 8, 2026, Boako suggested that ongoing financial developments could reveal additional losses…
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Boako Suggests GoldBod Losses Could Surpass IMF-Reported $214 Million in Bank of Ghana Accounts
Overview The conversation around GoldBod’s financial exposure has intensified following remarks by Dr. Gideon Boako, the Member of Parliament for Tano North and a close adviser to the government. In a hardly subtle warning, he suggested that losses linked to the GoldBod saga could extend beyond the $214 million already cited by the International Monetary…
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Bright Simons Argues Systemic Reforms Needed Beyond GoldBod to Tackle Smuggling
Introduction: A call for broader reform beyond GoldBod Bright Simons, Vice President of IMANI Africa, has stirred the debate on Ghana’s gold smuggling by arguing that the problem cannot be solved by the Gold Board (GoldBod) alone. He contends that the root causes lie in systemic inefficiencies across the gold value chain, including regulatory gaps,…
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Gold Smuggling in Ghana: Bright Simons Says GoldBod Alone Won’t Solve It
Introduction: A Call for Systemic Reform Gold smuggling remains a persistent challenge for Ghana, undermining revenue collection and tarnishing the country’s reputation for responsible resource management. Bright Simons, vice president of IMANI Africa, recently argued that the problem cannot be solved by GoldBod (the Ghana Gold Board) alone. He contends that the root causes lie…
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Gold smuggling won’t be solved by GoldBod — Bright Simons
Introduction: A pointed critique from an influential think tank Bright Simons, Vice President of IMANI Africa, has challenged the prevailing belief that establishing or strengthening a single institution could curb Ghana’s pervasive gold smuggling. In his view, the problem runs deeper than bureaucratic gaps or the absence of a new regulator. It lies in systemic…
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Ghana Gold Board Chief Rejects Claims of Losses as Hallucination, Calls Rumors Unrealistic
GoldBod Chief Rejects Rumor-Driven Loss Claims The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed circulating claims that the state-owned institution is recording losses. He described the allegations as the “hallucination” or “dreams” of those spreading them, signaling a firm stance against rumor-driven criticism. The remarks came during a public…
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Ghana Gold Board Chief Rejects Loss Claims as Hallucination, Rails at Critics
GoldBod Chief Dismisses Claims of Losses as Hallucination The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has publicly dismissed ongoing assertions that the state-owned institution is recording losses. In his remarks on JoyNews, Gyamfi described these reports as the product of “hallucination” or “dreams,” signaling a firm stance against what he…
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GoldBod losses? Gyamfi dismisses claims as hallucination
Gyamfi dismisses loss claims as hallucinatory, outlines strong performance In a bold denial of circulating reports that the state-owned Ghana Gold Board (GoldBod) is recording losses, Chief Executive Officer Sammy Gyamfi described the claims as products of “hallucination” or “dreams.” Speaking on JoyNews, Gyamfi emphasized that the board’s financials and operations are on a stable…