Sammy Gyamfi, the Chief Executive Officer of the Ghana Gold Board (GoldBod), has said the Minority Leader Alexander Afenyo-Markin’s allegation against the gold purchasing outfit is just driven by “bitterness”.
According to Sammy Gyamfi, Afenyo-Markin and other New Patriotic Party (NPP) figures have raised concerns about GoldBod without providing specific evidence.
Sammy Gyamfi further 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.
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.
In related news, Sammy Gyamfi has disclosed that a total of 7.1 metric tonnes of gold purchased were refined locally.
Sammy Gyamfi disclosed that the move helps Ghana retain refining fees while supporting job creation and economic activity.
He detailed that local refineries had the capacity to produce gold of high purity, however noting that existing capacity remained insufficient to process all the gold.
Speaking in a Space conversation on X on Sunday, August 9, 2026, Sammy Gyamfi stated, “Some refineries will give you minimum 99.5 without more; others will give you 999, or four nines or five nines, depending on the kind of processes they have,” he said.
“So the refineries we have in Ghana are able to give us three nines. Royal Gold can give us three nines. Gold Coast can even give us four nines because they have the capacity to do electrolysis that can give you that kind of purity, which means that the metal that comes from the refinery is now pure gold, almost close to 24 karat gold,” he said.
He added, “Currently, we are not refining all locally; we are refining all the gold we buy locally because of limited or constrained local capacity”.
“The two refineries that we have, we project can do at optimum capacity levels, one ton, that is 1,000 kilograms of gold refining per week,” he said.
Sammy Gyamfi added that the GoldBod had adopted a gradual approach to increasing the volumes processed by the refineries.
“But we have decided to help them to crawl before they walk and before they run. So even though the agreements we have with them allow them to refine up to a ton, we’ve adopted a piecemeal gradualist approach,” he said.
“As we speak, 7.1 metric tons of the gold that the GoldBod has bought this year were refined in Ghana,” he said.
“The refining fees that would have ended up in Dubai, India, Hong Kong and other advanced countries stayed in Ghana, supporting job creation and supporting our economy,” he said.
Watch the video below:
@ghnow_ Afenyo-Markin is a bitter friend. He's just looking for my attention, but he won’t get it… – Sammy Gyamfi (CEO, GoldBod) #GHNow #fyp ♬ original sound – GHnow
@ghnow_ Adams Adder Almeida and Bala Bilyon have been denied bail by the Kaneshie District Court in connection with the alleged murder of 54-year-old car dealer Mohammed Rahman at Beach Drive Estate, Tuba, near Weija. The case has been adjourned to August 24, 2026. #GHnow ♬ original sound – ONDEMCOVERAGE
