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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
The Ministry of Education has condemned the alleged sexual abuse of a 14-year-old student with autism at Bolgatanga Girls’ Senior High School (BOGISS) in the Upper East Region.
The ministry, in a statement issued on August 20, 2026, indicated that two watchmen employed by the school are alleged to have sexually abused the student.
It described the incident as unacceptable and stressed that schools must protect and care for students, particularly children who are vulnerable.
The ministry made it clear that the student cannot be blamed for the alleged abuse.
“The Ministry wishes to state unequivocally that a minor cannot be held responsible for sexual abuse perpetrated against her by an adult,” it stated.
The Minister for Education, Haruna Iddrisu, has directed the Ghana Education Service (GES) to investigate the matter and submit a report immediately.
He has directed the GES to ensure that the student receives the necessary medical care and counselling to support her recovery.
The ministry further directed that the student’s boarding status at BOGISS be restored immediately.
It assured the student’s family and the public that it would work to ensure that justice is served.
The ministry described the incident as an act of indiscipline and reaffirmed its commitment to protecting the safety, dignity and rights of students in schools across the country.
By: Jacob Aggrey
Former Deputy Minister for Local Government and NDC aspiring national chairman, Nii Lante Vanderpuye has apologised to GoldBod Chief Executive Officer, Sammy Gyamfi, and the National Democratic Congress (NDC) over comments he made during a discussion on Channel one TV.
In a statement dated August 20, 2026, Mr Vanderpuye acknowledged that his comments during the programme did not properly communicate his intended position.
He explained that he had no intention of undermining Mr Gyamfi or supporting criticisms being directed at him and GoldBod by the opposition.
According to him, his intention was to defend the work of GoldBod and the efforts of its CEO, but he expressed himself in a way that created a different impression.
“For that error of judgement and communication, I am sincerely sorry,” Mr Vanderpuye stated.
He particularly apologised to Mr Gyamfi, describing him as a dedicated member of the NDC who has served the party with courage and commitment.
Mr Vanderpuye also apologised to the leadership, members and grassroots of the NDC who may have been disappointed or hurt by his comments.
He acknowledged that party members expect leaders and those seeking greater responsibility within the NDC to show solidarity, good judgement and loyalty, especially when members and institutions led by them face political attacks.
Mr Vanderpuye further stressed that he has spent a significant part of his political life supporting and fighting for the NDC, including during difficult personal and political periods.
He reaffirmed that the NDC remains his political home and that his loyalty and commitment to the party remain unwavering.
The issue started after the Minority in Parliament, led by Minority Leader Alexander Afenyo Markin, accused GoldBod CEO Sammy Gyamfi of being responsible for an alleged GH¢22 billion loss at the institution.
Mr Gyamfi later responded to the allegations during the government’s accountability series, defending GoldBod and its work.
However, during a discussion on channel one TV, Nii Lante Vanderpuye made some comments that were understood by some people as being critical of Mr Gyamfi and GoldBod.
His comments sparked concerns among some NDC supporters, leading him to apologise to Mr Gyamfi, the party leadership and its members.
By: Jacob Aggrey
