Ghana Gold Board Denies Alleged GHC3 Billion Losses, Labels Reports as False and Misleading
GoldBod Rejects Loss Claims, Promises Transparency with Upcoming Financial Reports
- The Ghana Gold Board refutes claims of GHC3 billion losses in its first year, calling the report false and misleading.
- The Board plans to publish quarterly financial statements to prove its profitability and stability.
- GoldBod urges Asaaseradio to retract the report and issue an apology for spreading misleading information
The Ghana Gold Board (GoldBod) has strongly refuted claims made by Asaaseradio that the organization suffered losses exceeding GHC3 billion in its first year of operations.
In a statement released by its Media Relations Unit, GoldBod described the report as “entirely false and deliberately contrived to undermine the successes and significant contribution of GoldBod to the revitalization of Ghana’s economy.”
Contrary to the allegations, the Board asserts that it has been generating significant surpluses and profits since its establishment. GoldBod emphasized that its quarterly financial statements, set to be published on its official website, will validate its financial stability and accomplishments.
“The publication referenced is completely false and intended to misrepresent the achievements of GoldBod. We urge the public to treat the Asaaseradio report with utmost skepticism,” the statement read. The Board further called on the media outlet to retract the report and issue an unqualified apology for spreading what it considers a misleading and unethical story.
GoldBod reaffirmed its commitment to transparency and accountability, pledging to make its financial records available for public scrutiny. The incident underscores the importance of responsible journalism and fact-checking within Ghana’s media landscape.
As a key player in the country’s gold sector, GoldBod continues to work towards strengthening Ghana’s position in the global gold market. The organization is now awaiting the release of its financial statements, which it believes will clearly demonstrate its positive impact on Ghana’s economy.
Stakeholders and the public are expected to monitor the situation closely as GoldBod’s financial reports are released and the dispute with Asaaseradio develops further.
