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Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has explained that the institution has not recorded any losses because it has fully accounted for all funds provided by the Bank of Ghana.
Speaking on News File on Saturday, January 3, Mr Gyamfi said GoldBod delivered the equivalent value in gold for every cedi received and was paid only its approved agency fees.
“That is why we have not made a loss,” he said, adding that any suggestion that GoldBod could transfer losses it has not made is illogical.
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He confirmed that GoldBod generated revenue of slightly over GHS 960 million in 2025, while total expenditure remained below GHS 120 million, based on unaudited accounts.
He said the institution is expected to declare a conservative surplus of between GHS700 million and GHS800 million.
Mr Gyamfi emphasised that GoldBod is not a profit-making public operation, but careful management and strict accounting of all funds ensure the institution remains financially sound.
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