The Ghana Gold Board (GoldBod) has vehemently denied allegations of awarding an GHS11 million office renovation contract through sole sourcing, branding the claims as "completely false".

In a statement, GoldBod explained that the renovation was necessitated by the establishment of the organisation in April 2025, which led to the recruitment of over 300 new staff and the creation of additional directorates and units.

"To cater for the spatial and functional necessities of the new organisation, it became imperative to relocate from the dilapidated offices of the defunct PMMC," the statement read.

GoldBod clarified that approval was obtained from the Public Procurement Authority (PPA) on 24 June 2025 to utilise a restricted tendering process.

Three companies were shortlisted, with Correca Ghana Limited ultimately securing the contract.

"The mischievous claim that the contract was awarded through sole-sourcing is completely false. Correca Ghana Limited was qualified to undertake the works and completed the project in a timely and professional manner," the Board asserted.

GoldBod has published the full contract on its official website, condemning attempts by "fake news merchants" to tarnish its reputation, and dismissing claims of intercepted documents as "entirely false"