Chief Executive Officer of GoldBod, Sammy Gyamfi, has dismissed accusations from the Minority Caucus regarding losses under the Bank of Ghana’s Gold for Reserves (G4R) program, insisting that the initiative is a forex-generation policy rather than a profit-making venture. In a Facebook post, Gyamfi rejected suggestions that he was “equalizing” past losses under the New Patriotic Party (NPP) administration, arguing instead that he was exposing what he described as “hypocrisy and deliberate mischief.” Key Points from Gyamfi’s Statement 2024 Purchases Under NPP: BoG bought 45 tonnes of artisanal small-scale (ASM) gold through PMMC and Red Sapphire. Gold prices stood below...
GoldBod CEO Sammy Gyamfi Defends BoG Over Gold for Reserves Losses
Chief Executive Officer of GoldBod, Sammy Gyamfi, has announced that he will formally respond on January 5, 2026 to issues surrounding the International Monetary Fund’s (IMF) reported loss of $214 million under the Bank of Ghana’s Gold for Reserves (G4R) program. In a Facebook post, Gyamfi criticized the Minority Caucus for what he described as “uninformed and unfounded claims” made at a press conference earlier today. He provided what he called a “teaser” of audited and unaudited losses incurred by the Bank of Ghana from artisanal small-scale gold purchases under the G4R and Gold for Oil (G4O) programs. Breakdown of...
Two Dead as Anthony Joshua Rushed to Hospital After Highway Collision
British boxer Anthony Joshua has been rushed to hospital following a car crash in Nigeria that has reportedly claimed two lives. The former two-time world heavyweight champion suffered minor injuries in the collision, which occurred at 11am local time on Monday along the Lagos-Ibadan expressway, according to reports. A friend of Joshua said he is “ok but badly shaken up,” as unverified footage circulating online appears to show the 36-year-old topless and dazed in the passenger seat of a vehicle surrounded by broken glass. Joshua, who has Nigerian heritage, was holidaying in Africa just 10 days after his high-profile bout...
Police Gun Down Three Suspected Armed Robbers in Ashanti Region
The Ashanti South Regional Police Command has shot and killed three suspected armed robbers in a fierce gun battle aimed at foiling a planned highway attack along the Anwiankwanta–Obuasi Highway. The suspects, identified as Seidu Issah, Musah Yakubu, and Yahaya Munkaila, also known as Tijani, were gunned down on December 24, 2025 when they converged in a bush between Anwiankwanta and the Jacobu junction to stage an operation. Police say the gang opened fire on officers, who returned fire, killing the three while two others managed to escape. Recovered from the scene were two pump action guns loaded with ammunition,...
Police Arrest 141 in Major Cybercrime Crackdown
The Ghana Police Service has arrested 141 suspected cybercriminals in a large-scale, intelligence-led operation targeting cyber-enabled financial crimes in parts of the Greater Accra Region. According to a press release issued by the Criminal Investigation Department (CID), the arrests were carried out on December 27, 2025, during a joint security operation involving the Cyber Security Authority, National Security, and the Ghana Immigration Service. The suspects were picked up from identified cybercrime enclaves in Tabora and Lashibi. Police said preliminary investigations indicate that the suspects were part of coordinated cybercrime networks involved in a wide range of illegal activities, including mobile...
National Chief Imam Condemns Ho Central Mosque Shooting, Calls for Calm
The National Chief Imam of Ghana, Sheikh Dr. Osmanu Nuhu Sharubutu, has strongly condemned the shooting incident that occurred at the Central Mosque in Ho on Friday, December 26, 2025, describing the act as unfortunate and calling for restraint, justice and peaceful coexistence. In a statement issued on his behalf by Sheikh Dr. Abubakar Mohammed Marzuq Azindoo, the Chief Imam expressed deep sympathy to the families of the victims and the Muslim community in Ho, as well as to the entire nation. He described the incident as distressing and a threat to national peace and unity. The Chief Imam noted...
Non-payment, illegal connections hurting Ghana Water’s operations – GWL warns
The Ghana Water Limited (GWL) has raised alarm over persistent challenges that continue to undermine reliable water supply across the country, pointing to poor revenue mobilisation and widespread illegal connections as major setbacks. According to the company, many consumers have failed to pay their water bills, while water theft through illegal connections is depriving GWL of the revenue needed to expand infrastructure and improve service delivery. Speaking in an exclusive interview with JoyNews, the Public Relations Officer of GWL, Stanley Martey, said the situation has made it increasingly difficult for the company to invest in critical projects required to meet growing...
Minority Demands Probe into $214m BoG Gold-for-Reserves Loss
The Minority in Parliament has called for a bipartisan ad-hoc investigation into the reported $214 million loss incurred by the Bank of Ghana (BoG) under the Gold-for-Reserves programme, warning that the matter raises serious concerns about accountability, transparency, and environmental governance. Addressing journalists in Accra on Monday, December 29, Ofoase Ayirebi MP, Kojo Oppong Nkrumah, said the scale of the reported loss demands urgent and uncompromising scrutiny in the interest of the Ghanaian people. According to the Minority, the Gold-for-Reserves initiative—introduced to shore up Ghana’s foreign reserves and stabilise the cedi—has instead become clouded by opacity, with troubling questions surrounding...
TOR says structures in place to prevent another shutdown
The Tema Oil Refinery (TOR) has assured Ghanaians and industry experts that firm structures have been put in place to guarantee a steady supply of crude oil, addressing one of the key challenges that previously stalled the refinery’s operations. Speaking on JoyNews, Corporate Affairs Officer of TOR, Godwin Mahama, said structured Memoranda of Understanding (MOUs) have been signed to ensure that crude oil is consistently available to feed the refinery’s Crude Distillation Unit (CDU). “I want to assure everybody and all experts that structured MOUs have been signed to make sure that we don’t lack crude. So that at any...
Mr. Eazi calls on GTA to back $2m project
Nigerian singer, entrepreneur, and Detty Rave founder Mr. Eazi made a bold investment statement during his appearance at the Detty Rave concert, calling on the Ghana Tourism Authority to support his vision for a major entertainment infrastructure project in Ghana. Speaking on stage before a charged audience, Mr. Eazi revealed his interest in acquiring land to develop a purpose-built entertainment venue with both outdoor and indoor facilities. He disclosed that he is ready to commit an initial investment of up to $2 million to bring the vision to life. According to the artiste, the proposed project would significantly enhance Ghana’s...