The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has vehemently dismissed claims of the institution incurring US$214 million in losses, insisting that GoldBod is on course to declare a significant financial surplus for the 2025 financial year. These assertions directly challenge reports from the International Monetary Fund (IMF) and calls from the Minority in Parliament for an investigation into alleged losses linked to the Gold-for-Reserves (G4R) programme.

According to Mr. Gyamfi, GoldBod's management accounts indicate a revenue generation of approximately GH¢960 million in 2025, with expenditure kept below GH¢120 million. He projects an expected surplus of between GH¢700 million and GH¢800 million, though these figures remain unaudited. Gyamfi clarified that GoldBod, as a public institution, declares a 'surplus' rather than a 'profit,' emphasizing the distinction from profit-making entities. He stressed GoldBod's compliance with Section 42 of the Ghana Gold Board Act by publishing quarterly financial reports and confirmed that an external audit by the Auditor-General is anticipated by the end of the first quarter of 2026. He dismissed loss claims as