Management of the Ghana Gold Board (GoldBod) has categorically and emphatically refuted reports that it posted losses in excess of GHC3 billion in its first year of operations. Accra based Asaase Radio in a report has claimed per its investigations, GoldBod has recorded such huge losses in its first year of operation. But in a statement, management of GoldBod described the report as “entirely false and deliberately contrived.”
In the statement on Monday, November 17, 2025, management indicated that the publication was intended to undermine its contributions to the revitalization of Ghana’s economy.
Contrary to the claims, the board revealed it has been generating significant surpluses since its establishment.
The statement further assured quarterly financial statements, which will soon be published on its official website, will confirm its profitability.
“The GoldBod wishes to put on record, that the publication under reference is entirely false and deliberately contrived to undermine the successes and significant contribution of the GoldBod to the revitalization of Ghana’s economy.”
GoldBod has consequently urged the public to dismiss the Asaase radio report and called on the station’s management to issue a retraction and an unqualified apology for spreading what it termed a “misleading” and “unethical” publication.
Below is the full statement:
Story by: Elikplim Awuku.
