Provides Documentary Evidence to Refute Procurement Allegations
By Gifty Boateng
The Ghana Gold Board (GoldBod) has firmly rejected allegations of impropriety regarding recent procurement transactions, providing detailed documentation to support its adherence to the Public Procurement Act.
In a decisive rebuttal to claims circulating online, the state agency has released what it describes as incontrovertible evidence concerning the purchase of laptops and the renovation of its new office, asserting that all processes were transparent and legally compliant.
The controversy began with allegations that GoldBod procured fifteen laptops at an inflated price of GHS322,500. In response, the Board presented documents to demonstrate that the transaction was not only approved by the relevant authorities but also reflected market-competitive pricing.
A statement issued by the Board’s Media Relations Officer, Prince Kwame Minkah, confirmed that the laptops—Lenovo ThinkPad T14S units—were procured in November 2025 from Messrs GET4LESS Ghana Limited. Due to an urgent need to equip newly appointed directors and the supplier’s unique ability to provide the specific model in the required quantity, GOLDBOD sought and obtained approval from the Public Procurement Authority (PPA) to employ a Single Source procurement method.
According to the Board, the total cost of GHS322,500 translates to a unit price of GHS21,500. To substantiate this, GOLDBOD provided screenshots from the supplier’s website indicating an open market price of GHS21,505 for the same specification, arguing that the actual purchase price was marginally lower. Commitment authorization for the expenditure was also secured from the Ministry of Finance, in line with statutory requirements.
The second allegation pertained to a contract valued at approximately GH¢11 million for the renovation of the GOLDBOD’s new premises, the old Bank of Ghana building. Critics had claimed the contract was sole-sourced to Correca Ghana Limited, a company linked to a deputy chief of staff.
GOLDBOD clarified that the renovation became necessary after the board relocated from the dilapidated offices of the former Precious Minerals Marketing Company (PMMC) to the old BoG building. It was revealed that the Bank of Ghana had previously flagged structural issues with the building prior to its own relocation, necessitating immediate works.
Contrary to the claims of sole-sourcing, the Board explained that the PPA approved the use of a Restricted Tendering process. Documentation provided shows that GOLDBOD requested this method in May 2025, with approval granted on 24th June 2025. Under this framework, three entities were shortlisted to bid for the contract, with Correca Ghana Limited emerging as the successful bidder.
“The mischievous claim, therefore, that the contract was awarded through sole-sourcing, is completely false,” Mr. Minkah stated, adding that the contractor completed the works in a timely and professional manner.
The Board’s position has received backing from Mensah Thompson, Deputy CEO of the Securities and Exchange Commission. In a separate statement, Mr. Thompson underscored the sensitive nature of the facility, noting that it houses highly secured vaults used for gold storage.
“No body awards contractual works on such secured facilities through an open tender,” he argued. He contended that an open tender could compromise both security and the tight completion schedule, while a restricted tender protected the integrity of a facility critical to the nation’s financial infrastructure.
Mr. Thompson also criticized what he described as a politically motivated vendetta against GOLDBOD CEO Sammy Gyamfi, urging that matters of national security should transcend partisan politics. He further suggested that the leakage of sensitive procurement information to the opposition warranted an internal security review by the Board.