Ghana Gold Board dismisses claims of GHC3 billion losses, demands retraction

The Ghana Gold Board (GoldBod) has strongly refuted a media report alleging that the institution has incurred losses exceeding GHC3 billion in its first year of operations.

In a statement issued by the Media Relations Unit of the Ghana Gold Board, the agency described the publication, attributed to Asaaseradio, as “entirely false” and “deliberately contrived” to distort public perception of its work and achievements.

According to the statement, GoldBod has consistently posted significant surpluses since its inception, contrary to claims of heavy losses.

The Board noted that its quarterly financial statements—soon to be made available on its official website—will confirm its healthy financial performance.

GoldBod emphasized its key role in supporting the stabilization and revitalization of Ghana’s economy, adding that the disputed report seeks to undermine these gains.

The Board has urged the public to disregard the publication and called on Asaaseradio’s management to retract the story and issue an unqualified apology for what it described as a “misleading and unethical” report.

Story by: Joshua Kwabena Smith