The Ghana Gold Board (GoldBod) has dismissed media reports alleging that it incurred losses exceeding GH¢3 billion in its first year of operations, labelling the claims as “false” and “deliberately contrived.”
The rebuttal follows a publication by Accra-based Asaase Radio suggesting that the state gold aggregator was operating at a massive financial loss.
In a statement issued on Monday, November 17, 2025, GoldBod said the report was not only inaccurate but intended to undermine the institution’s progress and contributions to Ghana’s economic stability.
“The publication under reference is entirely false and deliberately contrived to undermine the successes and significant contributions of the GoldBod,” the statement stressed.
The board stated emphatically that, contrary to the allegations, GoldBod has been making “significant surpluses and profits” since its inception. It added that its upcoming quarterly financial statements — set to be published on its official website — will provide clear evidence of its strong performance.
GoldBod urged the public to ignore the report and called on Asaase Radio to retract the publication and offer an unqualified apology for what it described as a misleading and unethical journalistic breach.
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