Accra:The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has disclosed details on how the organization spent GHS28.3 million on goods and services in 2025, with a significant portion allocated to consultancy and legal services.
According to Ghana Web, Gyamfi addressed Parliament's Public Accounts Committee to provide a detailed breakdown of these expenditures, in response to inquiries based on the institution's audited financial statements. He stated that GHS8.68 million was spent on consultancy and legal services, making up approximately 31% of the total expenditure.
The breakdown further reveals that training, seminars, and conferences cost GHS4.06 million, while travel and transport expenses amounted to GHS3.39 million. Insurance and licenses were further costs, totaling GHS3.13 million, with printed materials and stationery costing GHS2.46 million.
Additional expenses included GHS1.08 million for board and committee activities, GHS987,358 for vehicle operations, and GHS929,285 for rentals and leases. Utilities were an expenditure of GHS809,783, repairs and maintenance accounted for GHS742,124, and security services cost GHS680,642.
GoldBod also allocated funds for postal and communication services (GHS452,950), public relations (GHS357,600), auditing (GHS200,000), and general cleaning (GHS182,337). Gyamfi confirmed that the total expenditure aligned with the Auditor-General's report of GHS28,338,703 and noted that detailed financials are accessible to the public on the organization’s website.