The Ghana Gold Board (GoldBod) has strongly denied claims circulating on social media that Dominic Bonsu Ventures absconded with GH¢200 million belonging to the state agency, describing the allegation as "entirely false, malicious and deliberately intended to mislead the public."
In a statement issued on August 3, 2026, GoldBod dismissed a widely shared news card that alleged the proprietor of Dominic Bonsu Ventures was a former bodyguard to the Board's Chief Executive Officer, Sammy Gyamfi, and had fled with funds belonging to the institution.
The agency said both claims were without merit.
GoldBod clarifies relationship
According to GoldBod, Mr. Dominic Bonsu has never served as a bodyguard or personal security officer to Chief Executive Sammy Gyamfi. "Any suggestion to the contrary is completely false," the statement said.
The Board also rejected allegations that it had advanced or lost GH¢200 million, or any other amount, to Dominic Bonsu or his company.
"The GoldBod has not lost and/or advanced GHC200 million, or any amount of money, to Mr. Dominic Bonsu or Dominic Bonsu Ventures," it stated.
Rather than any missing funds, GoldBod explained that the company is currently the subject of regulatory enforcement action.
It said Dominic Bonsu Ventures had its licence suspended over suspected breaches of the conditions governing its operations and the GoldBod Trading Directives under the Ghana Gold Board Act, 2025 (Act 1140).
The Board further disclosed that following investigations, Mr. Dominic Bonsu was arrested and remanded into lawful custody by the High Court in Accra, where legal proceedings remain ongoing.
Call for responsible reporting
GoldBod expressed concern over what it described as an attempt to distort an active enforcement case and undermine public confidence in the institution.
The Board urged the public to disregard the viral claims and rely only on information released through its official communication channels.
It also appealed to media organisations, bloggers and social media users to verify information before publication.
Reaffirming its mandate, GoldBod said it remains committed to enforcing Ghana's gold trading laws "fairly, professionally and without fear or favour," while cautioning against the spread of misinformation surrounding ongoing investigations.
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