Minority demands Parliamentary inquiry into Goldbod losses, slams Sammy Gyamfi over “personal attacks”
The Minority Caucus in Parliament has called for a Parliamentary Inquiry into the financial position of the Ghana Gold Board (GoldBod), and demanded that its Chief Executive Officer, Sammy Gyamfi, appears before Parliament to account for losses flagged in an IMF report.
In a statement dated 22nd August, 2026 and signed by Deputy Minority Leader, Hon. Patricia Appiagyei, the Minority said between 17th and 22nd August, 2026, Mr Gyamfi made a series of public statements in response to questions raised by the Minority about GoldBod’s finances and the Bank of Ghana’s Domestic Gold Purchase Programme, which GoldBod administers.
The Minority said the losses associated with the programme were not conjured by them.
“The losses associated with the Domestic Gold Purchase Programme were not conjured by the Minority. They were identified in an official report by the International Monetary Fund, an independent and internationally respected institution, whose assessments are not lightly dismissed,” the statement said.
The Caucus said it has sought and continues to seek a full and transparent reconciliation of GoldBod’s own audited financial statements with the losses identified in the IMF report.
According to the Minority, this is a legitimate matter of parliamentary oversight of a significant public programme and deserves a straightforward answer, not a dispute over who is entitled to ask the question.
The statement also accused Mr Gyamfi of resorting to personal attacks.
“In the course of responding, Mr Gyamfi has, on more than one occasion, directed personal characterisations at Members of the Minority, including the Minority Leader. We will not respond to those characterisations in kind. We state plainly, and without qualification, that the allegations are false, and we reject them entirely,” the Caucus stated.
The Minority added that legitimate scrutiny of a public institution’s operations and finances is a fundamental exercise in accountability, and no public official is entitled to mischaracterise such oversight as wrongdoing.
“Public office in Ghana carries with it defined standards of civility, restraint and respect, standards set out in Ghana’s own Code of Conduct and Ethics for political appointees. We expect every public official, including the Chief Executive Officer of GoldBod, to be held to those standards, and we will pursue the appropriate institutional channels available to us in that regard,” the statement noted.
The Caucus said it remains committed to raising legitimate questions about the management of public assets in a manner that is factual and consistent with the dignity of public office.”
Accordingly, we call on GoldBod to appear before a Parliamentary Inquiry to account fully for the losses identified in the IMF’s report and to reconcile them with its own audited financial statements, so that the public record can be settled by facts, tested under parliamentary scrutiny, rather than by accusation on either side,” it said.
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