GoldBod Debunks GH¢200m Theft Claim

The Ghana Gold Board (GoldBod) has firmly denied claims circulating on social media that GH¢200 million belonging to the Board was misappropriated by the proprietor of Dominic Bonsu Ventures, describing the allegation as false, malicious and deliberately crafted to mislead the public. In a statement issued on August 3, 2026, GoldBod rejected reports alleging that the proprietor of Dominic Bonsu Ventures, Mr. Dominic Bonsu, who was described in the viral publication as a former bodyguard to the Board’s Chief Executive Officer, Mr. Sammy Gyamfi, had absconded with GH¢200 million belonging to the institution.

The Board categorically stated that the claims were entirely untrue and urged the public to disregard the publication. To clear any ambiguity, GoldBod stressed that Mr. Dominic Bonsu had never served as a bodyguard or personal security officer to Mr. Sammy Gyamfi, describing any assertion to that effect as completely false.

The Board further stated that it had neither lost nor advanced GH¢200 million—or any amount of money—to Mr. Dominic Bonsu or Dominic Bonsu Ventures. Providing details of the ongoing matter involving the company, GoldBod explained that Dominic Bonsu Ventures’ licence had been suspended over suspected breaches of the terms and conditions governing its licence, as well as alleged violations of the GoldBod Trading Directives, in accordance with the Ghana Gold Board Act, 2025 (Act 1140).

According to the statement, investigations and subsequent enforcement actions led to the arrest of Mr. Dominic Bonsu, who has since been remanded into lawful custody by the High Court in Accra. The Board noted that the matter remains before the courts and is therefore subject to ongoing legal proceedings. GoldBod expressed concern over what it described as the deliberate circulation of false information aimed at distorting an active enforcement process, misleading the public and undermining confidence in its operations.

The Board urged members of the public to rely only on information released through its official communication channels and disregard fabricated claims circulating online. It also appealed to media organisations, bloggers and social media users to verify information before publication and uphold high standards of responsible journalism to prevent the spread of misinformation.

Reaffirming its commitment to the regulation of Ghana’s gold trading industry, GoldBod said it would continue to enforce the country’s mining and gold trading laws fairly, professionally and without fear or favour, while ensuring that all enforcement actions are conducted within the framework of the law.

By: Joyce Owusu