The Ghana Gold Board (GoldBod) has strongly refuted claims circulating online about irregularities in its procurement activities, describing the reports as misleading and deliberately crafted to tarnish the institution’s reputation.
In a formal response, the Board said the allegations—ranging from supposed inflated laptop purchases to claims of unlawful sole-sourcing in an office renovation contract—are baseless and intended to spread misinformation.
Officials insisted that all procurement decisions undertaken by the institution strictly follow established legal procedures.
GoldBod noted that certain individuals on social media have attempted to portray its operations as opaque and questionable.
However, management maintains that such narratives are unfounded and are being pushed by what it described as “fake news merchants” eager to create unnecessary public controversy.
Clarification on Renovation Contract
One of the major allegations focused on a reported GH¢11 million contract for office renovations, which critics claimed had been awarded through sole-sourcing to a company allegedly linked to communications strategist Stan Dogbe.
GoldBod categorically rejected this assertion, explaining that the contract was awarded through a restricted tendering process, not sole-sourcing as widely claimed.
According to the Board, the need for renovation emerged shortly after its establishment in April 2025.
Within months of operations, the institution had recruited more than 300 employees, placing enormous pressure on its initial office space at Diamond House, which management described as outdated and inadequate.
To address the space constraints, GoldBod secured a lease for the former headquarters of the Bank of Ghana located at No. 1 Thorpe Road in Accra.
The building required extensive refurbishment before it could safely accommodate the growing workforce.
Management explained that due to the urgency of preparing the facility for occupation, approval was sought from the Public Procurement Authority to adopt restricted tendering as permitted under Ghana’s procurement laws.
The approval was granted on June 24, 2025, allowing selected qualified firms to compete for the contract. After the bidding process, the contract was eventually awarded to Correca Ghana Limited.
GoldBod further noted that the details of the contract were published on its official website on March 10, 2026, in compliance with the provisions of the Ghana Gold Board Act, 2025 (Act 1140).
The Board said this publication demonstrates that the procurement process was transparent and not concealed as some reports suggested.
Laptop Procurement Also Defended
Another allegation concerned the purchase of 15 laptops reportedly costing GH¢322,500, which critics claimed represented inflated pricing.
GoldBod rejected the claim, explaining that the devices purchased were Lenovo ThinkPad T14S laptops equipped with Intel Core i7 processors, 16GB RAM and 512GB SSD storage.
According to the Board, each unit was acquired at a price of GH¢21,500 inclusive of taxes.
Management said market checks confirmed that the same model typically retails for around GH¢21,505, meaning the Board actually secured the equipment at a slightly lower price than the prevailing market rate.
Officials stressed that the procurement followed due process, with approval from the Public Procurement Authority and financial commitment authorization from the Ministry of Finance (Ghana).
The laptops were supplied by GET4LESS Ghana Limited, which the Board said was selected through single-sourcing only because it was the only vendor able to deliver the required number of units within the urgent timeline needed for operational work.
Leadership Responds
GoldBod’s Chief Executive Officer, Samuel Gyamfi, reaffirmed the institution’s commitment to transparency and accountability in the management of public resources.
He noted that the Board has adopted a proactive disclosure approach by publishing contract information online to ensure that the public can verify procurement activities for themselves.
Management stressed that the spread of unverified claims undermines public confidence and distracts from the institution’s mandate to regulate and strengthen Ghana’s gold sector.
Call for Public Vigilance
In its closing remarks, the Board urged the public to treat sensational claims on social media with caution and to verify information through official sources before drawing conclusions.
GoldBod emphasized that it remains committed to operating within the law and maintaining high standards of transparency as it carries out its responsibilities within Ghana’s gold industry.
The statement concluded with a call for citizens to reject misinformation and avoid amplifying narratives that are not supported by facts.
