Member of Parliament for Ofoase Ayirebi constituency, Kojo Oppong Nkrumah, has hit back at Sammy Gyamfi over the ongoing controversy surrounding the Bank of Ghana’s 2025 financial statements, accusing the GoldBod CEO of attempting to divert attention from what he described as a “substantial loss” recorded by the central bank.
In a Facebook post on Sunday, May 10, 2026, the Ranking Member on Parliament’s Economy and Development Committee said the Minority in Parliament would not be distracted from scrutinising the Bank of Ghana’s financial performance and the government’s handling of the economy.
“I understand your intention to turn this into a contest between us. You want to divert attention from the Bank of Ghana’s substantial loss of GH¢34.9 billion and your party’s broken promise of financial discipline at the Bank of Ghana,” he wrote.
Mr Oppong Nkrumah rejected Mr Gyamfi’s distinction between “operating loss” and “total comprehensive loss,” insisting that both figures represented liabilities ultimately borne by taxpayers.
“The Bank of Ghana itself, on page 16, combines both figures and reduces its net equity by the full GH¢34.9 billion, not GH¢15 billion,” he stated.
According to him, the central bank’s treatment of its financial statements in recent years had altered the presentation of losses compared to previous reporting periods.
“The NDC government reverted this in the 2024 account and excluded it from P&L and put it in OCI. Reason why KPMG gave an opinion that the accounts were prepared in line with the institution’s own standards and not the IFRS,” he argued.
The Ofoase Ayirebi MP also accused Mr Gyamfi of making contradictory statements on the matter.
He referenced comments allegedly made by the GoldBod CEO on a television programme earlier this year.
“On January 3rd, 2026, you stated emphatically on Newsfile that there were no losses. You dismissed Ghanaians who pointed to losses as ‘dreaming or hallucinating.’ Today, you are conceding to the GHS 15B portion of the loss. So, who is lying here?” he questioned.
Mr Oppong Nkrumah further accused Mr Gyamfi and the Majority in Parliament of obstructing efforts to investigate alleged gold-related losses.
“You claim to welcome a probe, yet you have been evading a Parliamentary investigation into the Gold losses of billions of cedis since March 27th,” he alleged.
He also challenged Mr Gyamfi to support a parliamentary inquiry into the matter.
“If you are as confident of your case as your posts suggest, be the loudest voice in your party today demanding that the inquiry I initiated on March 27th be allowed to proceed,” he wrote.
The former minister argued that the responsibility for explaining the Bank of Ghana’s accounts rested with the Finance Minister rather than Mr Gyamfi.
“The Bank of Ghana’s 2025 accounts are not the responsibility of GoldBod’s CEO or the NDC’s National Communications Officer. They belong to the Minister for Finance, who must present them to Parliament,” he said.
