So who is now providing money to buy the gold from aggregators if BOG is out?
Is Mr Markin confusing operations cost with losses?
The board now appears to be self funded so can Mr Markin explain to us what he means by losse ... read full comment
So who is now providing money to buy the gold from aggregators if BOG is out?
Is Mr Markin confusing operations cost with losses?
The board now appears to be self funded so can Mr Markin explain to us what he means by losses. Moreover the CEO of Goldbod has availed himself for questioning at Parliament so why don’t you invite him there so we can all hear for ourselves if truly there are losses.
Kay 1 month ago
Buy your Air tickets with your Lunatic NDC Foolish Soldiers and go to WB & IMF with Sammy Gyamfi and challenge them as to why GoldBod has not made any Loss. To remind you BoG has accepted the WB Report.
Buy your Air tickets with your Lunatic NDC Foolish Soldiers and go to WB & IMF with Sammy Gyamfi and challenge them as to why GoldBod has not made any Loss. To remind you BoG has accepted the WB Report.
Osahenedecious 1 month ago
Mr Afenyo-Markin, the IMF and World Bank are not your friend. Left to them your country will remain poor, indebted. A back water, failed state. They know that they can use you the opposition to cripple the one thing that is k ... read full comment
Mr Afenyo-Markin, the IMF and World Bank are not your friend. Left to them your country will remain poor, indebted. A back water, failed state. They know that they can use you the opposition to cripple the one thing that is keeping Ghana out of their reach - the Goldbod. Assuming the Goldbod has made losses, SO WHAT? Show me a business in the Western world that doesn’t in the course of their lifetime? But look at the profits the Goldbod has brought to Ghana. Low inflation. Lower cost of living. Stable Cedi. Lower fuel prices. Ghana has always been the leader in Africa. If we can extricate ourselves from the IMF trap, the rest of Africa will follow suit. Just like we did with independence. IMF therefore must destroy the Goldbod. Like they did with Nkrumah, they will use people like you (as they did with your forebears) to do the job. Unfortunately for you, Ghanaians are wiser. They also want better for their children and not exist as perpetual slaves of the IMF.
Gambianno 1 month ago
Very nice and inspiring comment.... @Osahenedecious. Kudos to you.
Very nice and inspiring comment.... @Osahenedecious. Kudos to you.
POURFENDEUR DE LA CORRUPTION/ANTI CORRUPTION 1 month ago
That loud mouth uncouthed Sammy Gyenfua should be put in the cooler for the rest of his life. NPP shouldn't forget to teach the NDC a lesson in their next government. How can this small boy be sharing dollars on the streets?
That loud mouth uncouthed Sammy Gyenfua should be put in the cooler for the rest of his life. NPP shouldn't forget to teach the NDC a lesson in their next government. How can this small boy be sharing dollars on the streets?
ADANSI POST OFFICE 1 month ago
@Pourfendeur. Please, if we put Sammy Gyamfi in jail for life, how long are we going to jail Ernest Addison and your other NPP criminals who were secretly printing those billions upon billions of cedis at the Bank of Ghana..? ... read full comment
@Pourfendeur. Please, if we put Sammy Gyamfi in jail for life, how long are we going to jail Ernest Addison and your other NPP criminals who were secretly printing those billions upon billions of cedis at the Bank of Ghana..??????
POURFENDEUR DE LA CORRUPTION/ANTI CORRUPTION 1 month ago
That loud mouth uncouthed Sammy Gyenfua should be put in the cooler for the rest of his life. NPP shouldn't forget to teach the NDC a lesson in their next government. How can this small boy be sharing dollars on the streets?
That loud mouth uncouthed Sammy Gyenfua should be put in the cooler for the rest of his life. NPP shouldn't forget to teach the NDC a lesson in their next government. How can this small boy be sharing dollars on the streets?
ADANSI POST OFFICE 1 month ago
@Pourfendeur. Please, if we put Sammy Gyamfi in jail for life, how long are we going to jail Ernest Addison and your other NPP criminals who were secretly printing those billions upon billions of cedis at the Bank of Ghana... ... read full comment
@Pourfendeur. Please, if we put Sammy Gyamfi in jail for life, how long are we going to jail Ernest Addison and your other NPP criminals who were secretly printing those billions upon billions of cedis at the Bank of Ghana...??????
Yabi Yabi 1 month ago
Kay or whatever your handle is: you like many in the NPP have shown yourselves to be either ignorant lacking reading with comprehension or that even though you are intelligent your inferiority complex will not permit you to g ... read full comment
Kay or whatever your handle is: you like many in the NPP have shown yourselves to be either ignorant lacking reading with comprehension or that even though you are intelligent your inferiority complex will not permit you to go against what the IMF report says against your own judgment.
It truly saddens me that the ex-deputy finance officer to Dr. Bawumia, hon Abena Osei-Asare, who by virtue of her credentials should understand basic accounting principles, balance sheet and financing schemes hides behind what the IMF says because she has no confidence in her own knowledge and classroom " bought" credentials.
So for as long as we have intellectually challenged but classroom educated pigeons running around Ghana there will be no one to ask questions of the IMF. When did the IMF announce losses in trading of Ghana's gold when foreign nations were screwing Ghana out of the sale of its natural and mineral resources while Ghana depended on IMF loans to suppliment loss of gold generating revenue/income?
Why is it that now that Ghana is responsible for the sale of its own shit and has become a player in determining the value of its own currency vis-a-vis other global currencies the IMF has decided to lump operational fees and expenditures as losses? Did the IMF label all the revenues Ghana lost over the years when others took our gold and gave Ghana less than 10-percent of the gold sales?
Kay 1 month ago
@ Yabi Yabi
You just write anyhow based on what your Propagandists NDC leaders have told without any understanding. Germany ,Russia & Brazil are all countries that WB & IMF have bailed out b4 out of crisis, why shd they hate ... read full comment
@ Yabi Yabi
You just write anyhow based on what your Propagandists NDC leaders have told without any understanding. Germany ,Russia & Brazil are all countries that WB & IMF have bailed out b4 out of crisis, why shd they hate Sub Sahara Africa?Your NDC leaders are lying to you and you've accepted their thrash.
DIAWUO 1 month ago
The entire NPP is confused among themselves. But the NDC is just laughing at them for their misguided thoughts
The entire NPP is confused among themselves. But the NDC is just laughing at them for their misguided thoughts
John,Tema 1 month ago
Empty barrels make the most noise. The day Sammy Gyamfi will go to Nsawam prison no NDC Supporter or Elder will follow him. He will dearly for his Foolishness alone.
Empty barrels make the most noise. The day Sammy Gyamfi will go to Nsawam prison no NDC Supporter or Elder will follow him. He will dearly for his Foolishness alone.
AKP 1 month ago
If Ken Ofori Atta is walking free. How do you expect the one whose work if driving the economy go to prison? You will envy aaa taya.
If Ken Ofori Atta is walking free. How do you expect the one whose work if driving the economy go to prison? You will envy aaa taya.
Kwame Asante 1 month ago
@AKP, that's a good one.Indeed the one (Ken Ofori-Atta) who has led us into being designated as a JUNK economy is hiding from accountability and the one who is doing his best to salvage the situation is being threatened to go ... read full comment
@AKP, that's a good one.Indeed the one (Ken Ofori-Atta) who has led us into being designated as a JUNK economy is hiding from accountability and the one who is doing his best to salvage the situation is being threatened to go to jail. Amazing!
Naomi 1 month ago
NPP supporters are not human beings. They are animals
NPP supporters are not human beings. They are animals
Stephen Donkor, New York. 1 month ago
@John, Tema. ADDING TO THE STATISTICS?
OH MY BROTHER, SAY THAT AGAIN OOO!
I’M NOW BEGINNING TO FEEL HELPLESS ABOUT HOW MY FATHER’S PEOPLE OF BONO BEING TAKEN ADVANTAGE OF BY SOME UNSCRUPULOUS PEOPLE IN GHANA. FROM C ... read full comment
@John, Tema. ADDING TO THE STATISTICS?
OH MY BROTHER, SAY THAT AGAIN OOO!
I’M NOW BEGINNING TO FEEL HELPLESS ABOUT HOW MY FATHER’S PEOPLE OF BONO BEING TAKEN ADVANTAGE OF BY SOME UNSCRUPULOUS PEOPLE IN GHANA. FROM COCOA BOARD TO GOLD BOARD?
1ST. IT WAS CAPTAIN KYEREMEH OF COCOA BOARD, THEN CAME STEPHEN KWABENA OPUNI OF COCOA BOARD AND NOW SAMMY GYAMFI OF GOLD BOARD?
I REMEMBER COMMANDER, A FORMER CEO OF GHANA COCOA BOARD WHO WAS ACCUSED OF BEING USED AS A CONDUIT BY IK ACHEAMPONG AND HIS CRIMINAL CARTEL CONTROL SUPREME MILITARY COUNCIL IN ONE OF MOST CONTROVERSIAL CRIMINAL CONSPIRACIES IN GHANA’S HISTORY IN WHICH THE FORMER WAS SAID TO HAVE CLAIMED THAT A SHIP FULL OF GHANA’S COCOA BEANS HAS SANK IN THE SEA,
BUT THE SHIP WAS SAID TO BE INTACT WITHOUT ANY NEWS OF A SUNKEN SHIP!
2. THEN CAME STEPHEN KWABENA OPUNI, A PROMINENT SON OF BONO KYEMPEM, SUNYANI SECONDLY SCHOOL AND LEGON TRAINED SCIENTIST WHO WAS ALSO ACCUSED FOR ALLEGEDLY CONSPIRING WITH ONE ALHAJI AGONGO TO IMPORT OR PRODUCE A SUBSTANDARD FERTILIZER TO THE SAME COCOA BOARD OF GHANA WHERE CAPTAIN SERVED AS CEO.
AND SO WILL THERE BE YET ANOTHER SON OF BONO: SAMMY GYAMFI GOING BE ACCUSED FOR ALLEGEDLY DOING THE DONKEY WORK FOR SOME YET TO BE IDENTIFIED CARTEL IN GHANA? I HOPE NOT!
I SHALL RETURN!
Sethoo 1 month ago
Someone shd advise Sammy Gyamfi to start impregnating his wife to have children. When he goes to jail when Bawumia comes, he won't get that opportunity again..Felix will hide to chop it for free
Someone shd advise Sammy Gyamfi to start impregnating his wife to have children. When he goes to jail when Bawumia comes, he won't get that opportunity again..Felix will hide to chop it for free
Peter 1 month ago
You are typical cheap minded Ghanaian whose intellectual sufficient mind encourages you to make no sensible point.
You are typical cheap minded Ghanaian whose intellectual sufficient mind encourages you to make no sensible point.
DJ Kapito 1 month ago
Did you say 'when Bawumia comes'? That means NEVER!
Did you say 'when Bawumia comes'? That means NEVER!
Stephen Donkor, New York. 1 month ago
@ WOW:
GOLDBOD NOW A PONZI SCHEME? IT LOOKS LIKE ONE. ANOTHER POTENTIAL PONZI SCHEME BY JOHN CRIBO MAHAMA AND HIS CRIBO CARTEL!
SAMMY GYAMFI GOLD BOARD HAS EMBARKED ON ANOTHER SEEMINGLY SHADY SCHEMES TO EVADE ACCOUNTABIL ... read full comment
@ WOW:
GOLDBOD NOW A PONZI SCHEME? IT LOOKS LIKE ONE. ANOTHER POTENTIAL PONZI SCHEME BY JOHN CRIBO MAHAMA AND HIS CRIBO CARTEL!
SAMMY GYAMFI GOLD BOARD HAS EMBARKED ON ANOTHER SEEMINGLY SHADY SCHEMES TO EVADE ACCOUNTABILITY.
IT TURNED OUT THAT AFTER THE BANK OF GHANA MADE JUST A PARTIAL DISCLOSURE ABOUT THE COLOSSAL FINANCIAL LOSS OF SAMMY GYAMFI AND HIS CARTEL CONTROLED GOLD BOARD, THE LATTER AND HIS CARTEL WILLFULLY DIVERSIFIED GOLD BOARD FROM THE BANK OF GHANA’S JURISDICTION TO A SELF OPERATED ENTITY TO AVOID ACCOUNTABILITY.
THERE IS NO WAY GOLD BOARD’S SEEMINGLY ARGUABLE HUMONGOUS FINANCIAL LOSSES COULD HAVE BEEN UNCOVERED HAD IT NOT BEEN THROUGH BANK OF GHANA ENGAGEMENT WITH THE IMF.
MY QUESTION IS —
IS THE GOLD BOARD NOW A GHANAIAN GOVERNMENT OWNED CORPORATE ENTITY OR A PRIVATE CORPORATION OWNED BY JOHN MAHAMA AND HIS NDC CARTEL?
REPORTED BY AFRICA BUSINESS INSIDER:
“GoldBod CEO Sammy Gyamfi disclosed the development on August 11, saying the institution stopped receiving funding from the central bank in March 2026 and has since moved to a self-funded model.
Under the new arrangement, GoldBod raises financing directly from commercial banks and gold offtakers to purchase and aggregate gold for export and reserve accumulation.
The arrangement dates back to Ghana’s Domestic Gold Purchase Programme (DGPP), established by the Bank of Ghana to increase its gold reserves by purchasing gold produced domestically Before GoldBod was created, the Precious Minerals Marketing Company (PMMC) served as the central bank’s buying agent under the programme. GoldBod inherited that role when it was established in April 2025, continuing to purchase and aggregate gold with funding provided by the Bank of Ghana.
According to GoldBod, the central bank also covered the costs associated with gold aggregation under the arrangement.
That model has now ended.
GoldBod said its transition to direct financing is intended to strengthen its operational independence while allowing it to continue mobilising substantial volumes of gold for exports and reserve accumulation.
“The shift marks a major step towards GoldBod’s operational and financial independence,” the institution said in its statement.
The move also changes the relationship between GoldBod and the Bank of Ghana, with the gold authority now taking greater responsibility for financing its core purchasing activities.
Gyamfi said the new financing model has already produced positive results, with GoldBod able to raise funds from commercial banks and offtakers without relying on direct financing from the central bank.
The development comes as Ghana seeks to maximise the economic value of its position as Africa’s largest gold producer, particularly by using locally produced gold to support foreign-exchange generation and reserve accumulation.
GoldBod said the self-funded model will allow it to operate more independently while maintaining its gold aggregation activities.
The change does not mean Ghana is abandoning its domestic gold purchase strategy. Instead, the country is separating the purchase and aggregation of gold from the financing and management of its monetary reserves”.
DJ Kakalika 1 month ago
Afenyo-Markin, much as we would like to believe you, your antics and utterances betray your inner feelings; you are an evil and envious soul.
Nothing good in that your ugly head.
Afenyo-Markin, much as we would like to believe you, your antics and utterances betray your inner feelings; you are an evil and envious soul.
Nothing good in that your ugly head.
TORTOISE 1 month ago
SIMPLE SOLUTION. SHOW P & L Account.
GOLDBOD MUST PUBLISH ITS PROFIT&LOSS A/C
The certified Profit and Loss account shall show the true financial standing of GoldBod. Then taxpayers shall know between Afenyo Markin and Samm ... read full comment
SIMPLE SOLUTION. SHOW P & L Account.
GOLDBOD MUST PUBLISH ITS PROFIT&LOSS A/C
The certified Profit and Loss account shall show the true financial standing of GoldBod. Then taxpayers shall know between Afenyo Markin and Sammy Gyamfi the teller of the truth.
Kwasi Addai 1 month ago
Afenyo Markin is very stupid. No wonder he is a leader in the Nkwaseafo People's Party.
Afenyo Markin is very stupid. No wonder he is a leader in the Nkwaseafo People's Party.
TORTOISE 1 month ago
GoldBod is a State enterprise. The CEO of GoldBod must put the controversy to rest by publishing the Profit and Loss Account of GoldBod. That shall surely show its true financial standing to the taxpayers. The End.
GoldBod is a State enterprise. The CEO of GoldBod must put the controversy to rest by publishing the Profit and Loss Account of GoldBod. That shall surely show its true financial standing to the taxpayers. The End.
i can Link your husband,wife,boyfriend,girLfriend's WhatsApp to your own WhatsApp and you wiLL be getting their chats secretLy on your own WhatsApp, chat me on WhatsApp via +2349137583449 to Learn more. 1 month ago
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A LOT OF AKAN POLITICIANS HAVE COMMITTED MORE SERIOUS CRIMES AGAINST GHANA THAN ATAA AYI. THEY MUST BE BUSTED AND JAILED WITH THEIR GLOBAL ASSETS CONFISCATED TO THE STATE. 1 month ago
A LOT OF AKAN POLITICIANS HAVE COMMITTED MORE SERIOUS CRIMES AGAINST GHANA THAN ATAA AYI. THEY MUST BE BUSTED AND JAILED WITH THEIR GLOBAL ASSETS CONFISCATED TO THE STATE.
THAT'S WHAT ASIEDU NKETIA SHOULD BE DISCUSSING ON ... read full comment
A LOT OF AKAN POLITICIANS HAVE COMMITTED MORE SERIOUS CRIMES AGAINST GHANA THAN ATAA AYI. THEY MUST BE BUSTED AND JAILED WITH THEIR GLOBAL ASSETS CONFISCATED TO THE STATE.
THAT'S WHAT ASIEDU NKETIA SHOULD BE DISCUSSING ON SOCIALMEDIA, AND NOT WONTUMI.
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it all started few years ago when i received a facebook message that a travel agency in Nigeria was recruiting Ghanaians and Nigerians for jobs in Canada, i sold everything i had and borrowed money from a lot of people and ke ... read full comment
it all started few years ago when i received a facebook message that a travel agency in Nigeria was recruiting Ghanaians and Nigerians for jobs in Canada, i sold everything i had and borrowed money from a lot of people and kept sending money to them for the travel to Canada, when i ran out of money to send to them, they invited me to Nigeria that my visa is ready, when i got to Nigeria they seized all the money i had on me and seized my phone and refused to give me my passport i posted to them earlier from Ghana, i was left stranded and resorted to sleeping under a bridge with some homeless people and was begging people during the day for help to go back to Ghana, police raided the place i was squatting after some days and arrested everybody there, they took us to court because hard drugs were found on some prostitutes and thugs squatting there, i was sentenced to 2 years in prison because i had no lawyer to defend me, i will finish serving my sentence in 3 months time and sent back to Ghana, my fellow Ghanaians please i need help of any amount of money so i can eat and treat myself, i have been sick and i have not eaten good food for sometime now, i don't want to die now my freedom date is near, no amount of money is too small to help me with, i will appreciate any amount of money sent to me and God will bless and reward the sender abundantly, i can work for the sender when i return to Ghana in 3 months time to pay back, we manage to use smuggled phones here to beg people through facebook and other social media platforms, this is how most prisoners here survive because we are very desperate, the situation here is so terrible, horrible and pathetic, infact we are in hellfire here, people die everyday here from starvation and minor illnesses like malaria and ulcer, please i need help urgently, i need to eat good food and buy malaria drugs to treat myself, the food they serve us here is small portions of watery beans and jollof rice that can't satisfy a child, when an inmate is sick here and doesn't have money to buy drugs, the prison warders will ignore you until you die or recover without taken drugs, they may only give you paracetamol and antibiotics if you cry too much, but if you have money, the prison warders can buy for you good food and drugs from outside, i can be reached on WhatsApp via +2348140725576, this is my cellmate's number, some warders smuggle in phone for people here if you bribe them, i don't have a phone, when you chat, tell her you want to chat with Sandra so she can give the phone to me, please help make my story go viral so i can get help by posting my story and my cellmate's WhatsApp number: +2348140725576 on facebook and WhatsApp groups, please i need help, i'm suffering a lot here.
0
One more 1 month ago
Big lies
Big lies
Nii 1 month ago
I remember Tsatsu Tsikata used to foolishly behave in GNPC like what proud but unintelligent Sammy Gyamfi is doing. Osafo Maafo & Kwasi Botchway warned Tsatsa but he won't take it. Kufour came and took Tsatsu Tsikata to Court ... read full comment
I remember Tsatsu Tsikata used to foolishly behave in GNPC like what proud but unintelligent Sammy Gyamfi is doing. Osafo Maafo & Kwasi Botchway warned Tsatsa but he won't take it. Kufour came and took Tsatsu Tsikata to Court where the Law of Causing Financial lost to the state proved it right. Tsatsu went to prison and until today he's still crying & ranting
Kotei 1 month ago
Good analysis so why you call npp guys to mass up when alleged npp guys are arrested, be fair
Good analysis so why you call npp guys to mass up when alleged npp guys are arrested, be fair
SURVIVAL. 1 month ago
I actually don't understand these minority guys why they're eyeing and envying the progress goldbod is achieving.Almost all of them are not happy that Sammy Gyamfi'the one man thousand guy' is holding that lucrative job.They' ... read full comment
I actually don't understand these minority guys why they're eyeing and envying the progress goldbod is achieving.Almost all of them are not happy that Sammy Gyamfi'the one man thousand guy' is holding that lucrative job.They're finding all means to pull him down just because he gave them many many showdowns when they were in government.It's clear that this Afenyo Markins hate to see any progress from Sammy Gyamfi,Sammy Ablakwah,Sammy George Nartey.The strong SAMMY trio.Afenyo you'll fail.
Nana 1 month ago
Does it include WB & IMF who reported US$1.2 Billion Losses? What has Sammy Gyamfi achieved in life that Kojo Oppong & Afenyo Markins do not have? Why shd BoG admit the Loss whilst Sammy is rejecting it on Radio?
Does it include WB & IMF who reported US$1.2 Billion Losses? What has Sammy Gyamfi achieved in life that Kojo Oppong & Afenyo Markins do not have? Why shd BoG admit the Loss whilst Sammy is rejecting it on Radio?
Bawumia 1 month ago
Nana you're a fool, just like your stupid father. Kwasia NPP ni aboa.
Nana you're a fool, just like your stupid father. Kwasia NPP ni aboa.
Peter 1 month ago
Afenyo, how did you manage ECG? How did bawumia manage gold for oil he claimed to introduced? Disaster and losses is your portion. The success story of goldbod and the economy has been given afenyo-markin and npp sleepless ni ... read full comment
Afenyo, how did you manage ECG? How did bawumia manage gold for oil he claimed to introduced? Disaster and losses is your portion. The success story of goldbod and the economy has been given afenyo-markin and npp sleepless nights.
Oheneba asiedu 1 month ago
Your actions prove otherwise.
Your actions prove otherwise.
Shalom 1 month ago
HYPOCRITE!
IS GOLDBOD NOT DOING WELL ALREADY???
WHERE IS YOUR PRAISE FOR THE GOOD JOB DONE ?
MASSA, SWALOW YOUR PRIDE AND STOP PUNCHING ABOVE YOUR WEIGHT
HYPOCRITE!
IS GOLDBOD NOT DOING WELL ALREADY???
WHERE IS YOUR PRAISE FOR THE GOOD JOB DONE ?
MASSA, SWALOW YOUR PRIDE AND STOP PUNCHING ABOVE YOUR WEIGHT
Ghana Biya 1 month ago
It surprises me that the NPP takes everything that the IMF says as the truth. By now they should know what the institution stands for. Can they show one instance the advice of the IMF has done any good to Ghana or any devel ... read full comment
It surprises me that the NPP takes everything that the IMF says as the truth. By now they should know what the institution stands for. Can they show one instance the advice of the IMF has done any good to Ghana or any developing country.
Okumaning 1 month ago
Afenyo Markin can't turn anyone's head into believing you. The whole issues are that NPP GOLD SMUGGLING SYNDICATE IS BUSTED and you're feeling the PINCH. This's the man who's SPEARHEADING to fight against the (FIGHT AGAINST) ... read full comment
Afenyo Markin can't turn anyone's head into believing you. The whole issues are that NPP GOLD SMUGGLING SYNDICATE IS BUSTED and you're feeling the PINCH. This's the man who's SPEARHEADING to fight against the (FIGHT AGAINST) CORRUPTION .Who do you want to believe in what you saying. You are always hiding behind parliamentary privileges and saying all thighs like people will go to jail anytime gold board is mentioned. Why can't you says these in your TV STATIONS , because you know it's a way to dodge some taking you on in the courts MAB be real with anything you says.
Stephen Donkor, New York. 1 month ago
@ OKUMANING:
GOLDBOD NOW A PONZI SCHEME? IT LOOKS LIKE ONE. ANOTHER POTENTIAL PONZI SCHEME BY JOHN CRIBO MAHAMA AND HIS CRIBO CARTEL!
SAMMY GYAMFI GOLD BOARD HAS EMBARKED ON ANOTHER SEEMINGLY SHADY SCHEMES TO EVADE ACCOU ... read full comment
@ OKUMANING:
GOLDBOD NOW A PONZI SCHEME? IT LOOKS LIKE ONE. ANOTHER POTENTIAL PONZI SCHEME BY JOHN CRIBO MAHAMA AND HIS CRIBO CARTEL!
SAMMY GYAMFI GOLD BOARD HAS EMBARKED ON ANOTHER SEEMINGLY SHADY SCHEMES TO EVADE ACCOUNTABILITY.
IT TURNED OUT THAT AFTER THE BANK OF GHANA MADE JUST A PARTIAL DISCLOSURE ABOUT THE COLOSSAL FINANCIAL LOSS OF SAMMY GYAMFI AND HIS CARTEL CONTROLED GOLD BOARD, THE LATTER AND HIS CARTEL WILLFULLY DIVERSIFIED GOLD BOARD FROM THE BANK OF GHANA’S JURISDICTION TO A SELF OPERATED ENTITY TO AVOID ACCOUNTABILITY.
THERE IS NO WAY GOLD BOARD’S SEEMINGLY ARGUABLE HUMONGOUS FINANCIAL LOSSES COULD HAVE BEEN UNCOVERED HAD IT NOT BEEN THROUGH BANK OF GHANA ENGAGEMENT WITH THE IMF.
MY QUESTION IS —
IS THE GOLD BOARD NOW A GHANAIAN GOVERNMENT OWNED CORPORATE ENTITY OR A PRIVATE CORPORATION OWNED BY JOHN MAHAMA AND HIS NDC CARTEL?
REPORTED BY AFRICA BUSINESS INSIDER:
“GoldBod CEO Sammy Gyamfi disclosed the development on August 11, saying the institution stopped receiving funding from the central bank in March 2026 and has since moved to a self-funded model.
Under the new arrangement, GoldBod raises financing directly from commercial banks and gold offtakers to purchase and aggregate gold for export and reserve accumulation.
The arrangement dates back to Ghana’s Domestic Gold Purchase Programme (DGPP), established by the Bank of Ghana to increase its gold reserves by purchasing gold produced domestically Before GoldBod was created, the Precious Minerals Marketing Company (PMMC) served as the central bank’s buying agent under the programme. GoldBod inherited that role when it was established in April 2025, continuing to purchase and aggregate gold with funding provided by the Bank of Ghana.
According to GoldBod, the central bank also covered the costs associated with gold aggregation under the arrangement.
That model has now ended.
GoldBod said its transition to direct financing is intended to strengthen its operational independence while allowing it to continue mobilising substantial volumes of gold for exports and reserve accumulation.
“The shift marks a major step towards GoldBod’s operational and financial independence,” the institution said in its statement.
The move also changes the relationship between GoldBod and the Bank of Ghana, with the gold authority now taking greater responsibility for financing its core purchasing activities.
Gyamfi said the new financing model has already produced positive results, with GoldBod able to raise funds from commercial banks and offtakers without relying on direct financing from the central bank.
The development comes as Ghana seeks to maximise the economic value of its position as Africa’s largest gold producer, particularly by using locally produced gold to support foreign-exchange generation and reserve accumulation.
GoldBod said the self-funded model will allow it to operate more independently while maintaining its gold aggregation activities.
The change does not mean Ghana is abandoning its domestic gold purchase strategy. Instead, the country is separating the purchase and aggregation of gold from the financing and management of its monetary reserves”.
I SHALL RETURN!
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Nii 1 month ago
Oh, cheap guy!
Oh, cheap guy!
OkkO 1 month ago
.ANIMAL
.ANIMAL
Samwise 1 month ago
Look into his eyes, you only see evil instincts.
Look into his eyes, you only see evil instincts.
Kofi Manu 1 month ago
You are jealous of GoldBod's success! You guys were in office for 8 years and lacked ideas. Now you are crusading against a succesful institution that is raking in money for Ghana. It pains the NPP that their arcenemy Sammy G ... read full comment
You are jealous of GoldBod's success! You guys were in office for 8 years and lacked ideas. Now you are crusading against a succesful institution that is raking in money for Ghana. It pains the NPP that their arcenemy Sammy Gyamfi is successfully building Ghana's gold reserves. We will not accept their jandam!
No Spin Zone 1 month ago
Yes you do. You call yourself a lawyer in GHANA. BUT LISTENING TO LAWYERS HERE AMERICA, YOU DON'T EVEN COME CLOSE.
Yes you do. You call yourself a lawyer in GHANA. BUT LISTENING TO LAWYERS HERE AMERICA, YOU DON'T EVEN COME CLOSE.
Od 1 month ago
You and Peace fm are birds of the same feathers, jealousy go kill you
You and Peace fm are birds of the same feathers, jealousy go kill you
EmitoBALM 1 month ago
So this foolish ugly guy won't leave us alone herrh! He is not handsome, his wife isn't beautiful either and as for their children it is bobo!!!!!!!
So this foolish ugly guy won't leave us alone herrh! He is not handsome, his wife isn't beautiful either and as for their children it is bobo!!!!!!!
Blema 1 month ago
Shut up you pretender.
Shut up you pretender.
Nana 1 month ago
Dirty enviness
Dirty enviness
Newsreel 1 month ago
You’re just anti-progress! It’s all over your face, on your lips and actions. Can’t convince anyone to believe otherwise, Afenyo.
You’re just anti-progress! It’s all over your face, on your lips and actions. Can’t convince anyone to believe otherwise, Afenyo.
Adjei 1 month ago
Afenyo-Markin for president is better than Bawumia.
Afenyo-Markin for president is better than Bawumia.
SURVIVAL. 1 month ago
NPP has nothing to bost off.Their national chairman bullshit,minority leader super bullshit,presidential candidate mega super bull shit.What an apologetic and pathetic party?
NPP has nothing to bost off.Their national chairman bullshit,minority leader super bullshit,presidential candidate mega super bull shit.What an apologetic and pathetic party?
TORTOISE 1 month ago
SHOW THE PROFIT & LOSS ACCOUNT OF GOLDBOD. Then taxpayers shall see the true financial standing of GoldBod.
SHOW THE PROFIT & LOSS ACCOUNT OF GOLDBOD. Then taxpayers shall see the true financial standing of GoldBod.
Peterma 1 month ago
Leader, why worrying about that too known guy? He did à lot against Nana Addo, today an idiot like him if People critises him then he start to spew nonsense. Who does he think he is? Or he thinks Goldbod is for his pare ... read full comment
Leader, why worrying about that too known guy? He did à lot against Nana Addo, today an idiot like him if People critises him then he start to spew nonsense. Who does he think he is? Or he thinks Goldbod is for his parents ? Nonsense
Osaberima mensah 1 month ago
Fire burn you, wicked soul.
You go talk true. What did your gold for oil do for Ghana? Criminal nppigs.
Fire burn you, wicked soul.
You go talk true. What did your gold for oil do for Ghana? Criminal nppigs.
Owusu 1 month ago
How can this Afenyo be the leader of our party? I get irritated seeing him and can’t wait to get him out. We continue to disgrace our party when he opens his mouth
How can this Afenyo be the leader of our party? I get irritated seeing him and can’t wait to get him out. We continue to disgrace our party when he opens his mouth
Kwasi 1 month ago
Why are you people always on the back of gold board? Don't you people have any other business to do?
You this group pull down anything that will make Ghana progress.
When power is giving to you, you go on stealing spree to ... read full comment
Why are you people always on the back of gold board? Don't you people have any other business to do?
You this group pull down anything that will make Ghana progress.
When power is giving to you, you go on stealing spree to bring the country on it's knees.
Kakaiku2 1 month ago
What Afenyo and NPP are doing is what NLC did to us in 1966. They are exploiting our lingering colonial mentality of accepting anything Western in order to gain power. But we are not dumb anymore. After 1966, the West convinc ... read full comment
What Afenyo and NPP are doing is what NLC did to us in 1966. They are exploiting our lingering colonial mentality of accepting anything Western in order to gain power. But we are not dumb anymore. After 1966, the West convinced us that Nkrumah's industrialization plans were a mistake. So we literally dismantled our factories. Now we import tomato paste from ... while our farmers' tomatoes rot on the vine. Then came revolutionary Rawlings. Even he was persuaded to accept the Structural Adjustment Policy (SAP) which meant yanking subsidies helping your people survive, devaluing your currency, borrowing from the West and using your savings/income to pay them interest. The so-called debt trap. To date, Africans are still paying. The Western economists including the IMF/World Bank themselves now agree that SAP did serious harm to Africa. Lost lives. Lost opportunity. Increased poverty. Increased debt. So, asking us to go down this route again reveals the greed and cruelty of the Afenyos. We won't.
TORTOISE 1 month ago
GOLDBOD MUST PUBLISH PROFIT&LOSS A/C
GoldBod is a State enterprise. The CEO must publish the profit and loss account for taxpayers to know its financial standing.
GOLDBOD MUST PUBLISH PROFIT&LOSS A/C
GoldBod is a State enterprise. The CEO must publish the profit and loss account for taxpayers to know its financial standing.
SAWUA MENSAH 1 month ago
THOSE WHO ARE INSULTING SAMMY GYAMFI ARE BEING JEALOUS OF THE WIZARD IN HIM VERY VERY INTELIGENT, ARTICULATE AND BOLD. THERE IS NOBODY IN NPP WHO IS INTELIGENT THAN THE MAESTRO SAMMY GYAMFI WHEN IT COMES TO COMMUNICATION . ... read full comment
THOSE WHO ARE INSULTING SAMMY GYAMFI ARE BEING JEALOUS OF THE WIZARD IN HIM VERY VERY INTELIGENT, ARTICULATE AND BOLD. THERE IS NOBODY IN NPP WHO IS INTELIGENT THAN THE MAESTRO SAMMY GYAMFI WHEN IT COMES TO COMMUNICATION . ALL NPP KNOWS IS TO THROW SHADES AND MALIGN PEOPLE BECAUSE THEIR WAY OF DOING POLITICS IN GHANA IS ALWAYS ABOUT HOW TO STEAL FROM THE PEOPLE AND NOTHING ELSE, THAT'S WHY THEY ALWAYS COMES OUT WITH UNPRODUCTIVE POLICIES IN OTHER FOR THEM TO LOOT.
Fortune 1 month ago
Afenyo is a bad nut in npp destroying the party slowly been in a opposition do not mean you don't know good or bad now Ghanaians are not taking him seriously again NDC change their Leader in Parliament NPP should do the same ... read full comment
Afenyo is a bad nut in npp destroying the party slowly been in a opposition do not mean you don't know good or bad now Ghanaians are not taking him seriously again NDC change their Leader in Parliament NPP should do the same to bring seriousness into the opposition
Ya Paul 1 month ago
What has Afenyo markins done for Ghana for the time he has been in parliament..... Sammy Gyemfi is an asset to the economy..... Useless police beater
What has Afenyo markins done for Ghana for the time he has been in parliament..... Sammy Gyemfi is an asset to the economy..... Useless police beater
Akyem 1 month ago
Afenyo, you never in your dreams expect the current NDC's position, it causes nightmares, insomnia, hair lost, affecting his mental faculty, we wish him well
Afenyo, you never in your dreams expect the current NDC's position, it causes nightmares, insomnia, hair lost, affecting his mental faculty, we wish him well
Peter 1 month ago
Afenyo, can your 'gold for oil and gold for reserve' be compared to goldbod? Lack of vision and envy is what is worrying you. What benefits has bawumia's 'gold for oil' done to the economy? Look at what goldbod is doing to th ... read full comment
Afenyo, can your 'gold for oil and gold for reserve' be compared to goldbod? Lack of vision and envy is what is worrying you. What benefits has bawumia's 'gold for oil' done to the economy? Look at what goldbod is doing to the economy and not your incorrect 1.7 billion loss you are spewing
So who is now providing money to buy the gold from aggregators if BOG is out?
Is Mr Markin confusing operations cost with losses?
The board now appears to be self funded so can Mr Markin explain to us what he means by losse ...
read full comment
Buy your Air tickets with your Lunatic NDC Foolish Soldiers and go to WB & IMF with Sammy Gyamfi and challenge them as to why GoldBod has not made any Loss. To remind you BoG has accepted the WB Report.
Mr Afenyo-Markin, the IMF and World Bank are not your friend. Left to them your country will remain poor, indebted. A back water, failed state. They know that they can use you the opposition to cripple the one thing that is k ...
read full comment
Very nice and inspiring comment.... @Osahenedecious. Kudos to you.
That loud mouth uncouthed Sammy Gyenfua should be put in the cooler for the rest of his life. NPP shouldn't forget to teach the NDC a lesson in their next government. How can this small boy be sharing dollars on the streets?
@Pourfendeur. Please, if we put Sammy Gyamfi in jail for life, how long are we going to jail Ernest Addison and your other NPP criminals who were secretly printing those billions upon billions of cedis at the Bank of Ghana..? ...
read full comment
That loud mouth uncouthed Sammy Gyenfua should be put in the cooler for the rest of his life. NPP shouldn't forget to teach the NDC a lesson in their next government. How can this small boy be sharing dollars on the streets?
@Pourfendeur. Please, if we put Sammy Gyamfi in jail for life, how long are we going to jail Ernest Addison and your other NPP criminals who were secretly printing those billions upon billions of cedis at the Bank of Ghana... ...
read full comment
Kay or whatever your handle is: you like many in the NPP have shown yourselves to be either ignorant lacking reading with comprehension or that even though you are intelligent your inferiority complex will not permit you to g ...
read full comment
@ Yabi Yabi
You just write anyhow based on what your Propagandists NDC leaders have told without any understanding. Germany ,Russia & Brazil are all countries that WB & IMF have bailed out b4 out of crisis, why shd they hate ...
read full comment
The entire NPP is confused among themselves. But the NDC is just laughing at them for their misguided thoughts
Empty barrels make the most noise. The day Sammy Gyamfi will go to Nsawam prison no NDC Supporter or Elder will follow him. He will dearly for his Foolishness alone.
If Ken Ofori Atta is walking free. How do you expect the one whose work if driving the economy go to prison? You will envy aaa taya.
@AKP, that's a good one.Indeed the one (Ken Ofori-Atta) who has led us into being designated as a JUNK economy is hiding from accountability and the one who is doing his best to salvage the situation is being threatened to go ...
read full comment
NPP supporters are not human beings. They are animals
@John, Tema. ADDING TO THE STATISTICS?
OH MY BROTHER, SAY THAT AGAIN OOO!
I’M NOW BEGINNING TO FEEL HELPLESS ABOUT HOW MY FATHER’S PEOPLE OF BONO BEING TAKEN ADVANTAGE OF BY SOME UNSCRUPULOUS PEOPLE IN GHANA. FROM C ...
read full comment
Someone shd advise Sammy Gyamfi to start impregnating his wife to have children. When he goes to jail when Bawumia comes, he won't get that opportunity again..Felix will hide to chop it for free
You are typical cheap minded Ghanaian whose intellectual sufficient mind encourages you to make no sensible point.
Did you say 'when Bawumia comes'? That means NEVER!
@ WOW:
GOLDBOD NOW A PONZI SCHEME? IT LOOKS LIKE ONE. ANOTHER POTENTIAL PONZI SCHEME BY JOHN CRIBO MAHAMA AND HIS CRIBO CARTEL!
SAMMY GYAMFI GOLD BOARD HAS EMBARKED ON ANOTHER SEEMINGLY SHADY SCHEMES TO EVADE ACCOUNTABIL ...
read full comment
Afenyo-Markin, much as we would like to believe you, your antics and utterances betray your inner feelings; you are an evil and envious soul.
Nothing good in that your ugly head.
SIMPLE SOLUTION. SHOW P & L Account.
GOLDBOD MUST PUBLISH ITS PROFIT&LOSS A/C
The certified Profit and Loss account shall show the true financial standing of GoldBod. Then taxpayers shall know between Afenyo Markin and Samm ...
read full comment
Afenyo Markin is very stupid. No wonder he is a leader in the Nkwaseafo People's Party.
GoldBod is a State enterprise. The CEO of GoldBod must put the controversy to rest by publishing the Profit and Loss Account of GoldBod. That shall surely show its true financial standing to the taxpayers. The End.
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A LOT OF AKAN POLITICIANS HAVE COMMITTED MORE SERIOUS CRIMES AGAINST GHANA THAN ATAA AYI. THEY MUST BE BUSTED AND JAILED WITH THEIR GLOBAL ASSETS CONFISCATED TO THE STATE.
THAT'S WHAT ASIEDU NKETIA SHOULD BE DISCUSSING ON ...
read full comment
it all started few years ago when i received a facebook message that a travel agency in Nigeria was recruiting Ghanaians and Nigerians for jobs in Canada, i sold everything i had and borrowed money from a lot of people and ke ...
read full comment
Big lies
I remember Tsatsu Tsikata used to foolishly behave in GNPC like what proud but unintelligent Sammy Gyamfi is doing. Osafo Maafo & Kwasi Botchway warned Tsatsa but he won't take it. Kufour came and took Tsatsu Tsikata to Court ...
read full comment
Good analysis so why you call npp guys to mass up when alleged npp guys are arrested, be fair
I actually don't understand these minority guys why they're eyeing and envying the progress goldbod is achieving.Almost all of them are not happy that Sammy Gyamfi'the one man thousand guy' is holding that lucrative job.They' ...
read full comment
Does it include WB & IMF who reported US$1.2 Billion Losses? What has Sammy Gyamfi achieved in life that Kojo Oppong & Afenyo Markins do not have? Why shd BoG admit the Loss whilst Sammy is rejecting it on Radio?
Nana you're a fool, just like your stupid father. Kwasia NPP ni aboa.
Afenyo, how did you manage ECG? How did bawumia manage gold for oil he claimed to introduced? Disaster and losses is your portion. The success story of goldbod and the economy has been given afenyo-markin and npp sleepless ni ...
read full comment
Your actions prove otherwise.
HYPOCRITE!
IS GOLDBOD NOT DOING WELL ALREADY???
WHERE IS YOUR PRAISE FOR THE GOOD JOB DONE ?
MASSA, SWALOW YOUR PRIDE AND STOP PUNCHING ABOVE YOUR WEIGHT
It surprises me that the NPP takes everything that the IMF says as the truth. By now they should know what the institution stands for. Can they show one instance the advice of the IMF has done any good to Ghana or any devel ...
read full comment
Afenyo Markin can't turn anyone's head into believing you. The whole issues are that NPP GOLD SMUGGLING SYNDICATE IS BUSTED and you're feeling the PINCH. This's the man who's SPEARHEADING to fight against the (FIGHT AGAINST) ...
read full comment
@ OKUMANING:
GOLDBOD NOW A PONZI SCHEME? IT LOOKS LIKE ONE. ANOTHER POTENTIAL PONZI SCHEME BY JOHN CRIBO MAHAMA AND HIS CRIBO CARTEL!
SAMMY GYAMFI GOLD BOARD HAS EMBARKED ON ANOTHER SEEMINGLY SHADY SCHEMES TO EVADE ACCOU ...
read full comment
Black Jesus: Bank wire transfer to all countries
We are sending wire transfer and direct wasap him hamzaben.d@ hackermail. Com email email me your number I will wasap u or lawyer@presidency.com flashing to any country
Ch ...
read full comment
Oh, cheap guy!
.ANIMAL
Look into his eyes, you only see evil instincts.
You are jealous of GoldBod's success! You guys were in office for 8 years and lacked ideas. Now you are crusading against a succesful institution that is raking in money for Ghana. It pains the NPP that their arcenemy Sammy G ...
read full comment
Yes you do. You call yourself a lawyer in GHANA. BUT LISTENING TO LAWYERS HERE AMERICA, YOU DON'T EVEN COME CLOSE.
You and Peace fm are birds of the same feathers, jealousy go kill you
So this foolish ugly guy won't leave us alone herrh! He is not handsome, his wife isn't beautiful either and as for their children it is bobo!!!!!!!
Shut up you pretender.
Dirty enviness
You’re just anti-progress! It’s all over your face, on your lips and actions. Can’t convince anyone to believe otherwise, Afenyo.
Afenyo-Markin for president is better than Bawumia.
NPP has nothing to bost off.Their national chairman bullshit,minority leader super bullshit,presidential candidate mega super bull shit.What an apologetic and pathetic party?
SHOW THE PROFIT & LOSS ACCOUNT OF GOLDBOD. Then taxpayers shall see the true financial standing of GoldBod.
Leader, why worrying about that too known guy? He did à lot against Nana Addo, today an idiot like him if People critises him then he start to spew nonsense. Who does he think he is? Or he thinks Goldbod is for his pare ...
read full comment
Fire burn you, wicked soul.
You go talk true. What did your gold for oil do for Ghana? Criminal nppigs.
How can this Afenyo be the leader of our party? I get irritated seeing him and can’t wait to get him out. We continue to disgrace our party when he opens his mouth
Why are you people always on the back of gold board? Don't you people have any other business to do?
You this group pull down anything that will make Ghana progress.
When power is giving to you, you go on stealing spree to ...
read full comment
What Afenyo and NPP are doing is what NLC did to us in 1966. They are exploiting our lingering colonial mentality of accepting anything Western in order to gain power. But we are not dumb anymore. After 1966, the West convinc ...
read full comment
GOLDBOD MUST PUBLISH PROFIT&LOSS A/C
GoldBod is a State enterprise. The CEO must publish the profit and loss account for taxpayers to know its financial standing.
THOSE WHO ARE INSULTING SAMMY GYAMFI ARE BEING JEALOUS OF THE WIZARD IN HIM VERY VERY INTELIGENT, ARTICULATE AND BOLD. THERE IS NOBODY IN NPP WHO IS INTELIGENT THAN THE MAESTRO SAMMY GYAMFI WHEN IT COMES TO COMMUNICATION . ...
read full comment
Afenyo is a bad nut in npp destroying the party slowly been in a opposition do not mean you don't know good or bad now Ghanaians are not taking him seriously again NDC change their Leader in Parliament NPP should do the same ...
read full comment
What has Afenyo markins done for Ghana for the time he has been in parliament..... Sammy Gyemfi is an asset to the economy..... Useless police beater
Afenyo, you never in your dreams expect the current NDC's position, it causes nightmares, insomnia, hair lost, affecting his mental faculty, we wish him well
Afenyo, can your 'gold for oil and gold for reserve' be compared to goldbod? Lack of vision and envy is what is worrying you. What benefits has bawumia's 'gold for oil' done to the economy? Look at what goldbod is doing to th ...
read full comment