Gold Board rejects claims of GHC3bn Loss

Published

10 months ago

November 17, 2025

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The Ghana Gold Board (GoldBod) has dismissed a media report claiming that it has recorded losses of more than GHC3 billion in its first year of operations.

In a statement issued on Monday, the statutory body described the publication by Asaase Radio as “entirely false” and “deliberately contrived” to undermine its achievements.

GoldBod said it has not made any losses since it was established.

Instead, it stated that it has been making significant surpluses and profits, contrary to what the publication suggested.

According to the statement, the Board’s quarterly financial statements will soon be published on its official website, and these documents will confirm its positive financial performance.

GoldBod urged the public to ignore what it called a “misleading and unethical” report.

It called on Asaase Radio to retract the story and apologise to the public.

By: Jacob Aggrey

Over 20 structures levelled at Laboma Beach Resort

Published

2 days ago

September 19, 2026

WeeklySpectator

Some victims salveging their belongings after the demolitioning exercise at the Laboma Beach Resort Photo Victor A. Buxton (19)

Over 20 structures built within the 50-metre buffer zone of the Kpeshie Lagoon at the Laboma Beach Resort in the La Dade-Kotopon Municipality were on Sunday demolished by the Greater Accra Regional Coordinating Council (GARCC).

Buildings such as single-unit semi-detached under construction and completed chalets at the resort were pulled down while portions of a newly constructed perimeter wall were also demolished. Read More

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MTN Ghana climaxes 30th anniversary with CEO Invitational golf

Published

2 days ago

September 19, 2026

WeeklySpectator

About 120 golfers from clubs across Ghana participated in an 18-hole competition, dubbed ‘MTN 30th Anniversary CEO Invitational Golf Tournament’ held at the Achimota Golf Club on Saturday.

*Frederick Semenu Duvor his receives his prize from Mr Ishmael Yamson*

At the end of the hectic day, Frederick Semenu Duvor won the Men’s Group A event with 39 points, while Julienne Afi claimed the Ladies’ Group A title with the same score.

*Kous Lounges Mang receiving the award for the Ladies Group B event*

Yaw Mireku Jnr. won the Men’s Group B with an impressive 45 points, while Kous Louanges Mang took the Ladies’ Group B title with 38 points.

Kofi Mangesi won Men’s Group C with 40 points while Elorm R. Akuash Bonney claimed the Ladies’ version with 42 points.

In the Seniors Division, Jan Vogel emerged winner of the men’s category with 39 gross, while Helen Appah topped the ladies’ category with 44 gross.

Addressing participants, the company’s Board Chairman, Mr Ishmael Yamson, urged the company to approach its next phase with the same resilience, discipline and determination that have defined its success over the past three decades.

He drew a striking parallel between the game of golf and MTN Ghana’s three-decade journey, describing both as long games in which success depends less on one spectacular moment than on consistency, patience, judgment and the ability to recover from setbacks.

He said, golf had taught him a lesson that extended far beyond the fairways, thus, a round cannot be won on the first hole.

*An official of MTN presenting the Ladies Group A winner prize to Juliene Amezrado*

In golfing terms, he said, MTN Ghana had encountered its share of regulatory bunkers, competitive hazards and unexpected storms that had forced the company to pause, reassess and change its approach.