Alexander Afenyo-Markin, the Minority Leader, has jabbed the Ghana Gold Board (GoldBod) Chief Executive Officer, Sammy Gyamfi, over reported losses associated with Ghana’s gold purchasing operations.
The minority leader argued that Goldbod, which engaged in gold trading, should not be making losses due to the nature of the commodity and its value on the international market.
According to Afenyo-Markin, Sammy Gyamfi is not a good trader following the loses incured by Goldbod.
Speaking on Accra-based Peace FM, Afenyo-Markin stated, “If you sell gold and make a loss, then you are not a good trader”.
His comments follow the financial losses of the Bank of Ghana’s Domestic Gold Purchase Programme, which is implemented through GoldBod.
The IMF reported a US$214 million loss linked to the programme, although GoldBod has disputed characterising the figure as a loss incurred by the Board itself.
Meanwhile, Sammy Gyamfi, the Chief Executive Officer of the Ghana Gold Board (GoldBod), has debunked claims suggesting the institution is making losses.
The GoldBod CEO argued that the institution is financially sound since it began operations under its current mandate.
According to Sammy Gyamfi, GoldBod’s financial performance is supported by audited accounts, adding that claims suggesting that GoldBod is financially distressed do not reflect the organisation’s actual financial position.
He revealed that their audited financial statements have been made available to the public through the institution’s official website.
Speaking on Twitter Spaces on Sunday, August 9, Sammy Gyamfi stated, “GoldBod has never made a loss, and our audited financial statement is on our site.”
“GoldBod is very financially sound”, he boldly added.
Also, Sammy Gyamfi has challenged the Economic Committee, Finance Committee, and Lands and Mines Committee to invite him to parliament, stating he is ready to face them in parliament if invited.
The Goldbod CEO dared Oppong Nkrumah, Afenyo-Markin and Abena Asare to invite him to parliament and see if their reputation will be intact afterwards.
Speaking during a Space conversation on X on Sunday, August 9, Sammy Gyamfi stated, “As for Kojo Oppong Nkrumah, I can take some of the things he says seriously because they are not personal. Afenyo Markin is just being personal. He’s a bitter friend, so I can understand. You can see the hatred and the bitterness in his voice. He has no issues. A lot of bad things are happening at the GoldBod, but he does not say anything.
He is just looking for my attention, but he won’t get it. I am a very busy person”.
“If he wants me in Parliament, I’m saying they should invite me tomorrow. I am ready. Economic Committee, Finance Committee, Lands and Mines Committee, and they should bring GTV and media people and publishers, because if I call them for a debate they won’t come. They will say they want me on oath, so they should invite me,” he stated.
Public Account Committee, Abena Asare, chairwoman, you said we are siphoning money; call us there; you were not put there to just talk. Let us come and sit down, and then you can now cite the cases and instances of siphoning of public funds by Sammy Gyamfi and the GoldBod and let’s see what will become your reputation after that”.
He further added, “None of my bodyguards is involved in gold trading, and none of my bodyguards has stolen or taken Gold Board money”.
“The said Dominic Bonsu, I understand, is even a constituency executive of the NPP somewhere in the Manso area in the Ashanti Region,” Mr Gyamfi said.
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