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Sammy Gyamfi debunks Afenyo-Markin’s GoldBod loss claims
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GoldBod Chief Executive Officer, Sammy Gyamfi, has defended the performance of the Ghana Gold Board (GoldBod) following criticism of its operations and management.
Speaking at tthe Government Accountability Series today at the Jubilee House, he said, no where is GoldBod accused for Bank of Ghana’s losses.
He therefore challenged the Minority Leader, Alexander Afenyo-Markin to point to where IMF attributed losses incurred by Bank of Ghana to GoldBod.
“I challenge Afenyo-Markin to point to any page, paragraph, sentence, phrase or punctuation mark in the said referenced report that the IMF accused the GoldBod of having caused the losses reported to have been incurred by the Bank of Ghana,” Sammy Gyamfi strongly stated.
He highlighted the achievements of the board, particularly its role in gold purchases, local refining and efforts to increase value addition in Ghana’s gold industry.
Mr Gyamfi said GoldBod had purchased and refined more than nine metric tonnes of gold in Ghana this year, describing the development as a major change in the country’s approach to gold value addition.
He contrasted the current situation with the previous administration, claiming that during that period, no gold produced in Ghana was refined locally.
“Not a gram of gold produced in Ghana was refined in Ghana. Today, over nine metric tonnes, just this year, of gold we have bought, refined in Ghana. We are changing the value addition story,” he said.
Mr Gyamfi defended the board against criticisms from the Minority that it had made losses, describing some of the comments as reckless and lacking proper research.
He argued that the current Minority leadership should be measured against the standards set by former occupants of the position, including J.H. Mensah, Papa Owusu-Ankomah and Osei Kyei-Mensah-Bonsu.
According to him, the former Minority leaders commanded respect in Parliament because of the depth of their contributions and their ability to engage issues with substance.
Mr Gyamfi referenced Ghana’s gold exports under the previous administration, claiming that about 170 tonnes of gold were exported through formal channels and generated more than $17 billion in one and a half years.
He questioned why those responsible for institutions that recorded significant losses during their tenure were criticising GoldBod’s current operations.
He further dismissed suggestions that he was intimidated by political attacks, noting that politics was a “contact sport” and those involved should be prepared to face criticism.
Mr Gyamfi maintained that he was working in the interest of Ghana and expressed confidence that the board’s record would ultimately speak for itself.
“We are serving Ghana in good conscience, and our record and posterity will speak for us,” he said.
By: Jacob Aggrey
Egypt will host Africa’s new flagship business summit this October, as leaders from across the continent converge in the newly built smart city of New Alamein for the inaugural Alamein Africa Forum.
The forum is scheduled for October 2-4, 2026 in New Alamein, Egypt’s fourth-generation coastal megacity.
The city combines advanced infrastructure, modern residential districts, international universities, cultural landmarks, and major tourism and investment projects under one master plan.
Dubbed “the continent’s premier gathering where political power meets entrepreneurial prowess,” the forum is expected to bring together over 20 African Heads of State and Government, senior leaders from leading international and regional financial institutions, and key players driving transformation across Africa’s most critical sectors.
Co-organised by the Government of Egypt, African Export-Import Bank, and AUDA-NEPAD, the Alamein Africa Forum is designed as a permanent biennial platform to advance strategic partnerships and unlock investment across Africa and global markets.[Afreximbank]
The agenda will focus on sectors defining Africa’s future: infrastructure, energy, digital transformation, manufacturing, critical minerals, health markets, and intra-African trade*.
The programme will feature high-level plenary sessions, sector-focused panels, closed-door roundtables, and structured B2B and B2G meetings aimed at facilitating concrete deals and long-term partnerships.
Special sessions will also highlight Egypt’s role as a regional hub and gateway to African markets.
The inaugural forum will be held in parallel with the 2026 African Union Mid-Year Coordination Meeting and the 33rd Annual Meetings of Afreximbank.
Organizers say the forum will serve as a launchpad to translate the African Union’s 50-year strategic master plan, Agenda 2063, into concrete projects, policies and partnerships that will define Africa’s economic trajectory for the next decade.
“In an era of shifting alliances and rising volatility, Africa can no longer afford to be a bystander in decisions that shape its own economic future,” organizers stated.
The forum aims to place the private-sector agenda at the heart of AU decision-making, lower investment risk, unlock capital, and build cross-border partnerships to strengthen Africa’s resilience to external shocks.
Located on Egypt’s Mediterranean coast, New Alamein represents Egypt’s vision for smart, sustainable urban development. Hosting the forum there is expected to showcase the city as both a symbol of African modernization and a hub for investment and innovation.
By bringing public and private sector leadership into one alliance, the Alamein Africa Forum is positioned to become Africa’s go-to space for turning commitments into implementation.
By Chris KONEY, for Egyptian Embassy, ACCRA.
Tourism, Culture and Creative Arts Minister, Abla Dzifa Gomashie, has called on stakeholders in the Bono Region to raise the bar on professionalism and patriotism if the region is to unlock its full tourism potential.
Speaking during a familiarisation tour of the region, the Minister met with staff of the Centre for National Culture (CNC) and Metropolitan, Municipal and District Chief Executives (MMDCs).
The engagement focused on how to position Bono as a leading cultural and tourism destination in Ghana.
Gomashie challenged public institutions to take a cue from the private sector by improving service delivery and embracing efficiency.
“Our institutions must be intentional about the way we serve the public,” she said, adding that “We need stronger collaboration and public-private partnerships to attract the right investment and build the tourism infrastructure that will make Bono competitive.”
The Minister urged MMDCs to work hand-in-hand with the Ministry and its agencies to identify, develop and promote key tourist attractions in their districts.
She also stressed the importance of preserving cultural heritage while creating an enabling environment for investors in tourism, culture and the creative arts.
The Minister added that “Tourism is not just about beautiful sites. It is about stories, about our heritage, and about the opportunities we create for our people.”
“This work we do today is not for ourselves alone. It is for Ghana and for generations yet unborn,” she noted.
Dzifa Gomashie further called on all stakeholders to build on the foundation inherited from previous leaders and leave behind a stronger, more vibrant sector.
The tour forms part of the Ministry’s efforts to decentralize tourism development and ensure every region benefits from Ghana’s growing creative economy.
By Edem Mensah-Tsotorme
