Sammy Gyamfi: GoldBod recovers GHC38.7m of GHC55.9m owed to PMMC
The Ghana Gold Board (GoldBod) has successfully recovered GH¢38.7 million of the GH¢55.9 million in outstanding debts inherited from the Precious Minerals Marketing Company (PMMC). CEO Sammy Gyamfi reported to Parliament that the remaining balance is currently being pursued through ongoing court cases and civil negotiations.
Why it matters
This recovery effort highlights improved financial oversight and accountability in Ghana's state-owned mineral sector following a multi-year audit gap.
The Ghana Gold Board (GoldBod) has recovered GH¢38.7 million of the GH¢55.9 million owed to its predecessor, the Precious Minerals Marketing Company (PMMC), by third parties, representing about 69.2% of the outstanding debt.
Copy link Add 3News as your preferred source on Google Preferred source Article tools Ask AI Sammy Gyamfi (Left) and Deputy Finance Minister at the PAC Listen to this article AI narration Playback position 0:00 2:12 10 10 Playback speed 1× The Ghana Gold Board (GoldBod) has recovered GH¢38.7 million of the GH¢55.9 million owed to its predecessor, the Precious Minerals Marketing Company (PMMC), by third parties, representing about 69.2% of the outstanding debt.
GoldBod Chief Executive Officer Sammy Gyamfi disclosed this when he appeared before Parliament’s Public Accounts Committee (PAC) on Tuesday, October 13, 2026.
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