Afenyo-Markin Demands Answers Over Alleged GH¢22bn GoldBod Loss

• Majority Leader Alexander Afenyo-Markin demands answers from GoldBod over alleged GH¢22 billion loss.
• GoldBod management denies claims of a GH¢22 billion loss, citing audited financial statements.
• Afenyo-Markin insists that the Minority will continue to scrutinize GoldBod's financial operations and demand accountability.

It doesn't matter the adjectives that they use to describe or to attack our personalities. We know, and the day of reckoning will come.

Majority Leader Alexander Afenyo-Markin has called for accountability from the Ghana Gold Board (GoldBod) over a reported GH¢22 billion loss. The demand was made at a press conference in Parliament on Tuesday, August 18. According to Afenyo-Markin, GoldBod's financial operations are under scrutiny by the Minority, despite criticism from the institution's management.

Afenyo-Markin emphasized that GoldBod is responsible for causing financial loss to the state and that the Minority will continue to raise this issue.

The Ghana Gold Board (GoldBod) has rejected claims of a GH¢22 billion loss, with Chief Executive Officer Sammy Gyamfi describing the allegations as false. Gyamfi pointed to GoldBod's audited 2025 financial statements as evidence of its financial performance. However, Afenyo-Markin remains unconvinced and insists that the Minority will continue to demand accountability from GoldBod.

The dispute between the Minority and GoldBod management has been ongoing, with both sides presenting different views on the institution's financial performance.

Afenyo-Markin's call for accountability is not just about holding individuals responsible for the alleged loss but also about ensuring that public resources are managed effectively. The Minority's scrutiny of GoldBod's financial operations is a reminder to state-owned institutions that they must be transparent and accountable in their dealings.

Lawyers and compliance officers should take note of this development, as it highlights the importance of regulatory requirements and enforcement actions in managing state-owned institutions with significant financial losses.

Lawyers and compliance officers should watch for potential investigations and audits into the management of state-owned institutions, particularly those with significant financial losses, as these can lead to changes in regulatory requirements or enforcement actions.

Source: Original reporting via Ernest K. Arhinful