The Ghana Gold Board (GoldBod) has denied reports claiming that it recorded losses exceeding GH₵3 billion in its first year of operations under the new gold aggregation and export regime.
The denial comes in response to a report by Asaase News suggesting that GoldBod had recorded estimated losses of GH₵3 billion in its first year.
The report alleged that the board was losing an average of GH₵8,000 per ounce of gold (approximately $25,900 per kilogram), taking into account logistics costs, assay differences, and foreign exchange fluctuations.
In a statement issued by its Media Relations Unit, GoldBod described the reports as “entirely false and deliberately contrived to undermine the successes and significant contribution of the GoldBod to the revitalization of Ghana’s economy.”
The board assured the public that it has been generating significant surpluses since its establishment and that upcoming quarterly financial statements, to be published on its official website, will confirm its profitability.
GoldBod also called on the media outlet to retract the claims and issue an unqualified apology.
Read below the statement
