Totally false GoldBod rejects GH¢1bn BoG overdraft claim

The Ghana Gold Board (GoldBod) has rejected claims that it owes the Bank of Ghana (BoG) GH¢1 billion through an unpaid overdraft, describing the allegation as “totally false” and malicious.

The response follows an allegation attributed to Tano North Member of Parliament, Dr Gideon Boako, that GoldBod had an outstanding GH¢1 billion overdraft with the central bank.

In a statement issued on Monday, August 24, 2026, GoldBod insisted that it had never taken a loan, overdraft or any other debt facility from the Bank of Ghana or any financial institution since its establishment.

GoldBod said the allegation formed part of what it described as a deliberate and malicious attempt to tarnish the institution’s reputation.

It further dismissed the claim attributed to Dr Boako as fabricated and urged the public to disregard it.

The board has called on the Tano North MP to withdraw the allegation and apologise for what it considers the dissemination of false information.

GoldBod said it expects an unequivocal retraction and apology from the legislator.