The Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah, has told Sammy Gyamfi, the Chief Executive Officer (CEO) of the Ghana Gold Board (GoldBod), that if he wants a debate, he should come to parliament.
Oppong Nkrumah disclosed that Sammy Gyamfi has been invited to parliament as part of a probe on the GHS 2.5 billion loss, which has now risen to GHS 9.6 billion on gold sale.
Speaking on Good Morning Ghana, Oppong Nkrumah stated, “Sammy Gyamfi has been invited to parliament as part of a probe on how come we’ve made over GHS 2.5 billion loss, which has now risen to GHS 9.6 billion on gold sale; if he wants a debate, he should come to parliament”.
However, earlier, Kojo Oppong Nkrumah replied to Sammy Gyamfi, the Chief Executive Officer (CEO) of the Ghana Gold Board (GoldBod), after he challenged him to a debate.
Oppong Nkrumah on Facebook insisted that the BoG losses exceeded the amount cited, claiming that the BoG recorded a total loss of GH¢34.9 billion.
He argued that the Bank of Ghana used a combination of artificial revenue recognition and accounting treatments to obscure the full extent of the losses.
According to him, evidence of this can be found on Page 16 of the financial statements, where the bank reports consolidated income.
Oppong Nkrumah detailed that, in addition to the GH¢15.6 billion headline figure, an additional GH¢19.3 billion in other comprehensive income brings the total to GH¢34.9 billion, adding that when adjustments are made for sold gold, the total loss rises to about GH¢44 billion.
However, Sammy Gyamfi has told Kojo Oppong Nkrumah to render a public apology over his misleading claims regarding the Bank of Ghana’s (BoG) 2025 annual report.
He argued that Kojo Oppong Nkrumah’s attempt to justify the falsehoods he peddled about the 2025 audited financial statements of the BoG by shifting the goal post is rather exposing his dishonesty.
Sammy Gyamfi further challenged Oppong Nkrumah to stop responding to him on Facebook, demanding he select any media platform of his choice and a date and time of your convenience for a debate.
In a social media post shared on X, Sammy Gyamfi wrote, “ I maintain that the “operating loss” recorded in the audited financials of the BoG for the year 2025 is GHS15.6 billion. And that, the audited income statement (P&L) is what is relevant in assessing the financial health of the Bank, and not the Other Comprehensive Income statement, that mainly captures unrealised revaluation gains/losses and exchange differences.
My brother KON, you lied! Apologise and let’s move on. But if you want to litigate this matter further, stop responding to me on Facebook. You are welcome to select any media platform of your choice and a date and time of your convenience for a debate”.
However, Oppong Nkrumah rejected Sammy Gyamfi’s challenge for a debate, arguing that Bank of Ghana’s 2025 accounts are not the responsibility of GoldBod’s CEO or the NDC’s National Communications Officer.
He stressed that if a debate is necessary, Ato Forson should step forward, not Sammy Gyamfi.
Oppong Nkrumah wrote, “The Bank of Ghana’s 2025 accounts are not the responsibility of GoldBod’s CEO or the NDC’s National Communications Officer. They belong to the Minister for Finance, who must present them to Parliament. Since you are aware of the mess you have caused, you have chosen to evade official probes and hide behind sponsored platforms where you can have a field day.
If a debate is necessary, Ato Forson should step forward. He has the responsibility, integrity, and competence to do so. Not you, my friend. Until he does, answers are only required from you in a Parliamentary inquiry on the record and under oath. Stop wasting our time and show up.
If you are as confident of your case as your posts suggest, be the loudest voice in your party today, demanding that the inquiry I initiated on March 27th be allowed to proceed. Then we will see who is telling the truth and who is lying”.
Watch the video below:
“Sammy Gyamfi has been invited to parliament as part of a probe on how come we’ve made over GHS 2.5 Billion loss which has now risen to GHS 9.6 billion on gold sale; if he wants a debate, he should come to parliament”. Hon. @konkrumah. Running from tv station to tv station won’t… pic.twitter.com/4BMEHvHgnw
— CHARLOTTE NICOLE 🕊 (@charllycolegh) May 22, 2026
