The Ghana Gold Board (“GoldBod”) has stated that it has taken notice of certain false allegations being peddled by some individuals on various social media platforms and wishes to set the record straight.

The following details were provided by the GoldBod and signed by Prince Kwame Minkah, Media Relations Officer:

FALSE CLAIM 1 - “The GoldBod has awarded an GHS11 million office renovation contract to a company owned by Stan Dogbe through SOLE SOURCING”

Answer:

i) Upon the establishment of the Ghana Gold Board in April 2025, the corporation undertook a holistic recruitment exercise to augment the workforce of the defunct PMMC.

In the process, over 300 new workers were recruited. A new structural organogram was introduced to incorporate new directorates, departments and units.

It therefore became an urgent imperative for the newly established GoldBod to relocate from the dilapidated office of the then PMMC, whose premises was formerly situated at the Diamond House, in order to cater for the spatial and functional necessities of the new organisation.

ii) To address this issue, the old Bank of Ghana (BoG) Head Office, located at No.1 Thorpe road, Accra, was rented by the GoldBod to serve as office accommodation for its operations.

It must be noted that this building had been described by the BoG in the past as structurally defective and not fit for purpose. However, in the spirit of modesty, the GoldBod decided to undertake renovation and refurbishment works on the said structurally defective building to improve its structural integrity and suitability for use.

iii) Thus, on 26th May 2025, the GoldBod sought approval from the Public Procurement Authority, and same was granted by the PPA on 24th June 2025, for the Ghana Gold Board to use the RESTRICTED TENDERING process to select a contractor to undertake the renovation works.

Attached are copies of the GoldBod's request and the PPA approval to use the RESTRICTED TENDERING method to procure renovation and refurbishment works on the said BoG building.

iv) Three (3) entities were shortlisted and participated in the tendering process for the said contract, with Correca Ghana limited winning the bid for the said contract.

The mischievous claim, therefore, that the contract was awarded through sole-sourcing, is completely false.

v) Correca Ghana Limited was qualified to undertake the works and has actually undertaken and completed the works in a timely and professional manner in accordance with its contractual obligations.

vi) In the spirit of transparency and accountability, and in accordance with Section 42(1)(c) of the Ghana Gold Board Act, 2025 (ACT 1140), the contract for this project was published by the Corporate Affairs Directorate of the GoldBod on its official website on 10th March, 2026. See https://goldbod.gov.gh/wp-content/uploads/2026/03/CONTRACT-FOR-BOG-RENOVATION-WORKS-CORRECA_1.pdf .

The suggestion by some fake news merchants that they have intercepted the said contract documents, is totally false and reflects their desperation to smear the GoldBod.

FALSE CLAIM 2 - “The GoldBod has procured fifteen (15) laptops at an INFLATED PRICE of GHS322,500”.

Answer:

i) In November 2025, the GoldBod procured 15 laptops from Messrs GET4LESS Ghana Limited as part of its procurement of laptop computers and accessories for newly-appointed Directors and Deputy Directors of the newly-established Ghana Gold Board.

ii) Given the urgent nature of the procurement activity, and the fact that only one company (GET4LESS Ghana Limited) at the time had sufficient quantities of the specified laptop to meet the GoldBod’s procurement needs, approval was sought and granted by the Public Procurement Authority for the use of the Single Source procurement method for this transaction. (Attached is a copy of the GoldBod’s request to the PPA for approval to use the single source procurement method and a copy of the approval granted by the PPA for the use of the single source procurement method for the procurement activity).

iii) It must be added that Commitment Authorization for this transaction was duly sought and granted by the Ministry of Finance in accordance with the Public Procurement Act, as amended.

iv) The fifteen (15) laptops were purchased at a total price of GHS322,500, translating into a unit price of GHS21,500 (inclusive of all applicable taxes).

This price perfectly aligns with the specification of the procured laptop - Lenovo ThinkPad T14S laptop Core i7 1355U 16GB RAM 512GB SSD 14.0 Inch FHD.

A simple check from the website of the supplier (screenshot attached) shows that the open market price of the said laptop is GHS21,505.

Furthermore, checks with other suppliers will show that the purchased price of the laptops is very competitive.

Therefore, the claim that the laptops were procured at an inflated price is complete falsehood.

v) Messrs GET4LESS Ghana Limited was selected to supply the said laptops and accessories because it was the only company that was found to have the capacity to meet the required quantity and delivery timelines of the Ghana Gold Board at the time.

vi) In the spirit of transparency and accountability, and in accordance with Section 42(1)(c) of the Ghana Gold Board Act, 2025 (ACT 1140), the contract for this procurement activity was published by the Corporate Affairs Directorate of the GoldBod on the official website of the corporation on 10th March, 2026. See https://goldbod.gov.gh/wp-content/uploads/2026/03/CONTRACT-FOR-COMPUTERS-AND-ACCESSORIES-GET4LESS.pdf

Once again, the suggestion by these desperate fake news merchants to have intercepted the said contract, is therefore false.

The Ghana Gold Board holds dear the principles of transparency and accountability and will continue to uphold these tenets by publishing all contracts it enters into.

We entreat the general public to remain vigilant and reject all attempts by desperate purveyors of fake news to find wrongdoing where there is none.