Sammy Gyamfi, chief executive of the Ghana Gold Board (GoldBod), has firmly rejected allegations by Member of Parliament Abena Osei-Asare that the institution's activities contributed to financial losses at the Bank of Ghana (BoG).
The dispute highlights ongoing tensions between the regulatory body and political stakeholders regarding the central bank's fiscal exposure to state-linked entities.
The denial comes as the Bank of Ghana continues to distance itself from commercial operations, having previously announced plans to dispose of its remaining shareholdings in the Agricultural Development Bank and the National Investment Bank.
These moves are part of a broader strategy to reinforce the BoG's role strictly as a monetary authority rather than a commercial financier.
Contextual reports indicate that the Bank of Ghana has already ceased direct financial support for the Gold Board, forcing the regulator to identify alternative funding sources.
Governor Dr. Johnson Pandit Asiama previously stated that the board must now choose its own path to financial sustainability, underscoring the central bank's commitment to reducing contingent liabilities.