Ghana Gold Board (GoldBod) in a swift response to a misleading publication, has firmly dismissed allegations that the statutory corporation has incurred losses exceeding GHC3 billion in its first year of operations.
The Gold Board clarified that contrary to the claims, the it has been generating significant surpluses and contributing substantially to the revitalization of the country’s economy.
The Gold Board, in a statement, emphasized that the publication by Asaaseradio is “entirely false and deliberately contrived to undermine the successes and significant contribution of the GoldBod.” The corporation urged the general public to treat the claims with “utmost contempt” and called on the management of the radio station to retract the story and issue an unqualified apology.
“Contrary to the mischievous claims contained in the said publication, the GoldBod has been making significant surpluses/profit since its establishment. Quarterly financial statements of the GoldBod which will soon be published on the official website of the statutory corporation will bear this fact out. “
Gold Board
Transformation of Ghana’s Mining Sector
The Ghana Gold Board, established as a statutory corporation, has been at the forefront of revolutionizing the country’s mining industry and ensuring the optimal utilization of its valuable gold resources.
With a mandate to manage and regulate the gold trade in Ghana, the GoldBod has been instrumental in promoting transparency, accountability, and sustainable practices within the sector.
Leveraging its expertise and institutional resources, the GoldBod implemented a range of initiatives aimed at strengthening the gold value chain, from production to export.
By providing a centralized platform for the buying, selling, and trading of gold, the corporation has effectively streamlined the industry, reducing the prevalence of illicit and unregulated activities.
The GoldBod’s contribution to Ghana’s economic development cannot be overstated. As a key player in the mining and extractive industry, the corporation has been actively driving the diversification and growth of the national economy.
Through its strategic interventions, the GoldBod has not only generated significant surpluses but has also fostered increased local participation, job creation, and investment in the sector.
Transparency and Accountability
The Gold Board’s unwavering commitment to transparency and accountability is a testament to its dedication to upholding the highest standards of governance and ethical practices.
The corporation’s decision to publish its quarterly financial statements on its official website underscores its pledge to operate with the utmost transparency and to provide stakeholders with a clear and comprehensive understanding of its financial performance.
By refuting the false claims made by Asaaseradio, the GoldBod demonstrates its resolve to protect the integrity of the mining industry and to safeguard the trust of the Ghanaian public. The board’s actions send a clear and unequivocal message that it will not tolerate any attempt to undermine its achievements or tarnish its reputation.
The Ghana Gold Board’s response to the misleading publication serves as a reminder of the critical role that such regulatory bodies play in ensuring the responsible and sustainable development of the mining sector.
While the industry continues to evolve, the GoldBod’s steadfast commitment to transparency, accountability, and ethical practices will be instrumental in fostering a more resilient and prosperous mining landscape in Ghana.
READ ALSO: IMANI Boss Hails Ato Forson for Fastest Debt Reduction in Ghana’s Recent History
