Minority rejects Sammy Gyamfi’s allegations, signals formal action
The Minority in Parliament has rejected allegations made by Ghana Gold Board (GoldBod) Chief Executive Officer Sammy Gyamfi against some of its members and indicated plans to pursue formal action over his conduct.
The Minority said Mr Gyamfi made personal characterisations against some of its members, including the Minority Leader, while responding to questions about GoldBod and the Bank of Ghana’s Domestic Gold Purchase Programme.
“We state plainly, and without qualification, that the allegations are false, and we reject them entirely,” the Minority said in a statement dated August 22, 2026, signed by Deputy Minority Leader Patricia Appiagyei.
The statement marks an escalation in the dispute between the Minority and the GoldBod CEO, which has centred on questions about losses associated with the Domestic Gold Purchase Programme.
The Minority said its scrutiny of GoldBod’s operations and finances constituted a legitimate exercise of parliamentary oversight and should not be portrayed as wrongdoing.
“Legitimate scrutiny of a public institution’s operations and finances is a fundamental exercise in accountability,” it said.
The Minority also referred to Ghana’s Code of Conduct and Ethics for political appointees, saying public officials were expected to observe standards of civility, restraint and respect.
“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 said.
The Minority did not specify the institutional channel it intended to use or indicate what specific action it was considering against Mr Gyamfi.
It said it would not respond to his personal characterisations in kind, maintaining that its focus remained on accountability in the management of public assets.
The latest dispute follows questions from the Minority over losses associated with the Domestic Gold Purchase Programme, which GoldBod administers.
The Minority has said the losses were identified in an official report by the International Monetary Fund (IMF) and has demanded a reconciliation with GoldBod’s audited financial statements.
