Minority Slams Sammy Gyamfi Over ‘Extortionist’ Allegation Against Afenyo-Markin

• Ghana's Minority Caucus issued a formal statement on August 22 rejecting allegations made by GoldBod CEO Sammy Gyamfi against Minority Leader Alexander Afenyo-Markin
• The caucus said concerns over GoldBod's financial losses were drawn from an official IMF report, not fabricated by the Minority
• The Minority has called on GoldBod to appear before a Parliamentary Inquiry to reconcile its audited financial statements with the IMF's findings

Ghana's Minority Caucus in Parliament has flatly rejected a series of allegations directed at its members by Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board (GoldBod), describing the claims as entirely without basis.

A formal statement dated August 22, 2026, and signed by Deputy Minority Leader Patricia Appiagyei, addressed remarks Gyamfi made between August 17 and 22 in response to questions the Minority raised about GoldBod's financial position and the Bank of Ghana's Domestic Gold Purchase Programme, which GoldBod administers.

Minority distances itself from Gyamfi's personal attacks

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According to the caucus, Gyamfi's public responses crossed a line by directing personal characterisations at members of the Minority, including Minority Leader Alexander Afenyo-Markin.

The caucus made clear it would not respond in the same manner but left no ambiguity about its position on the substance of those characterisations.

"We state plainly, and without qualification, that the allegations are false, and we reject them entirely," part of the statement read.

The caucus insisted that its concerns about losses linked to the gold purchase programme originated not from partisan motives but from findings contained in an official International Monetary Fund (IMF) report.

It said it has sought, and will continue to pursue, a full and transparent reconciliation of GoldBod's audited financial statements against those identified losses.

GoldBod called to face parliamentary scrutiny

The Minority framed the dispute firmly within the context of parliamentary oversight, arguing that scrutinising the operations and finances of public institutions is a fundamental democratic responsibility and should not be treated as an attack on those institutions.

"Accordingly, we call on GoldBod to appear before a Parliamentary Inquiry to account fully for the losses identified in the IMF's report and to reconcile them with its own audited financial statements, so that the public record can be settled by facts, tested under parliamentary scrutiny, rather than by accusation on either side," the statement added.

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Beyond the immediate dispute, the caucus invoked Ghana's Code of Conduct and Ethics for political appointees, calling on all public officials, including Gyamfi, to uphold standards of civility, restraint and respect. It indicated it would pursue appropriate institutional channels if those standards continued to be breached.

The caucus reiterated its intention to engage the matter through factual and measured inquiry, in keeping with what it described as the dignity expected of public office.

The Instagram post is below:

Sammy Gyamfi's lawyers speaks on GoldBod missing funds

Earlier, YEN.com.gh wrote about GoldBod CEO Sammy Gyamfi's attorneys, who disclosed that he is not connected to GH200 million in lost monies.

Gyamfi had never met or maintained a professional connection with businessman Dominic Bonsu, according to the legal notice.

GoldBod acknowledged that Bonsu's company licence was suspended and that the High Court in Accra had detained and remanded him.

Source: YEN.com.gh