GoldBod Demands Retraction of Asaase Radio Claim

 


The Ghana Gold Board (GoldBod) has firmly dismissed claims circulating in a recent Asaase Radio publication alleging that the institution has incurred losses exceeding GHC 3 billion in its first year of operation.

In a press statement issued on Sunday, November 17, 2025, the statutory body described the report as “entirely false” and “deliberately contrived” to distort the agency’s track record and undermine its growing contribution to Ghana’s economic recovery.
According to the Ghana Gold Board, its financial performance since inception has been solid, with the institution consistently posting surpluses—not losses as reported. The Board indicated that quarterly financial statements, soon to be published on its official website, will provide clear evidence of its profitability and operational success.
GoldBod urged the public to disregard what it termed a misleading and unethical publication and called on Asaase Radio’s management to retract the story and issue an unqualified apology to Ghanaians.
The statement, signed by the Media Relations Unit of the Ghana Gold Board, reaffirmed the institution’s commitment to transparency, accuracy, and accountability in all its operations.

Comments

Post a Comment

Popular posts from this blog

Chieftaincy Crisis: Ngleshie Alata Chiefs Reject Imposed Mantse

Image
The Ngleshie Alata Traditional Council has strongly condemned the recent induction of Prince Asharku-Bruce Quaye, also known as Oblempong Wetse Kojo II, as the Ngleshie Alata Mantse. Speaking on behalf of the council, Nii Ofei III, Divisional Chief of Kokrobitey, alleged that the induction was carried out unlawfully by the Greater Accra Regional House of Chiefs without the knowledge or involvement of the traditional council. According to Nii Ofei III, the process of installing a chief follows clear constitutional and customary guidelines, which were blatantly disregarded in this case. He accused the registrar of the Greater Accra Regional House of Chiefs and its president, Oboade Notse King Professor Odaifio Welentsi III, of collaborating to impose Prince Asharku-Bruce Quaye on the traditional council. “This induction was conducted in secrecy. We only became aware of it after a letter circulated about a meeting between the Greater Accra Regional Minister and the Regional House of Chief...
Read more

Electrochem’s Ada Salt Deal in Jeopardy

Image
The 15-year mining lease agreements for Electrochem Ghana Limited, a private salt mining company to mine salt on the Ada Songhor Lagoon appears to be in jeopardy with the withdrawal of consent to the agreement by the allodia owners of the lagoon.  The latest blow to Electrochem which is owned by Daniel McKorley, Chief Executive Officer of the McDan Group of Companies is the withdrawal of consent by Nene Korley IV who is the Divisional Chief and Clan-head of the Tekperbiawe Clan of the Ada Traditional Area.  In a letter written to Mr. McKorley through his lawyers A-F Amissah & Wood Solicitors and Barristers Consultants dated 11th February 2025 and titled, “Letter of Withdrawal of Consent to Electrochem’s Dealing With the Songor Lagoon”, Nene Korley IV cited thuggery, insecurity in Ada, violation of rights of the indigenes and locals among others as the reasons for his withdrawal of consent to the company’s dealings with the Songor lagoon. The letter which was copied NENE AB...
Read more

Engineering with Integrity: The voice of IET President, the call of a nation

Image
  On a bright morning in Accra, as sunlight filtered through the windows of the auditorium, a quiet sense of purpose filled the room. Rows of freshly inducted engineering professionals sat in crisp suits and dresses, eyes attentive, hearts proud. This was not just another ceremony. It was a moment of reckoning — and at its center stood a man determined to make that clear. Engr. Henry Kwadwo Boateng, President of the Institution of Engineering and Technology, Ghana (IET-GH), stepped to the podium with the calm authority of a leader seasoned by experience, yet stirred by urgency. As he welcomed the newest members into the professional fold, it became evident that this induction was more than a rite of passage — it was a call to conscience. With measured conviction, Engr. Boateng congratulated the new members on their achievement but reminded them that the true weight of their responsibility was only beginning. “This is not just a ceremony of formality,” he said. “It is a moment of re...
Read more