The Ghana Gold Board (GoldBod) has refuted claims made on social media that the organization purchased laptops at exorbitant costs and awarded an office remodelling contract through sole sourcing.
The GoldBod emphasised its dedication to openness and accountability in all procurement procedures in a statement signed by Prince Kwame Minka, the organization’s media relations officer, characterising the assertions as untrue and deceptive.
In order to bolster the staff of the now-defunct Precious Minerals Marketing Company (PMMC), GoldBod explained that it carried out a thorough hiring process after its founding in April 2025.
The reorganisation included the creation of new directorates, departments, and units as well as the hiring of over 300 new employees.
The Board clarified that the former PMMC office at Diamond House had to be relocated due to the expansion because it was outdated and could not accommodate the new organization’s operational and spatial requirements.
GoldBod rented the former Bank of Ghana Head Office at No. 1 Thorpe Road in Accra to act as its operational base in order to address the crisis.
The building needed to be renovated and refurbished because the central bank had earlier declared it to be structurally flawed and unfit for its intended use, according to the statement.
As a result, GoldBod claimed that on May 26, 2025, it requested permission from the Public Procurement Authority (PPA) to choose a contractor for the renovation using the restricted bidding technique.
GoldBod states that approval was given on June 24, 2025.
It stated that Correca Ghana Limited was the winning bidder out of the three companies that were shortlisted and took part in the tender process.
As a result, GoldBod has denied allegations that sole sourcing was used to award the contract, which is reportedly worth GH¢11 million.
Correca Ghana Limited fulfilled its contractual duties by completing the renovations in a timely and competent manner.
Additionally, GoldBod stated that on March 10, 2026, information about the contract was posted on its official website in accordance with Section 42(1)(c) of the Ghana Gold Board Act, 2025 (Act 1140).
In response to a second accusation that it paid an exorbitant GH322,500 for 15 laptops, GoldBod said that the purchase was made in November 2025 for newly appointed directors and deputy directors.
It clarified that the Public Procurement Authority approved the use of the single-source procurement method since, at the time, only one supplier had enough of the designated laptops to satisfy the organization’s needs in a timely manner.
The statement states that the laptops were bought from GET4LESS Ghana Limited for a total of GH¢322,500, or GH¢21,500 each device, including taxes.
The laptops were Lenovo ThinkPad T14S versions with Intel Core i7 processors, 16GB RAM, and 512GB SSD storage, according to GoldBod.
It said that the laptop is listed at GH21,505 on the supplier’s website, indicating that the pricing is in line with the device’s market value.
According to the Public Procurement Act, the Ministry of Finance granted commitment approval for the deal, according to the GoldBod.
It further stated that, in an effort to guarantee transparency, the procurement contract was posted on its official website on March 10, 2026.
The GoldBod emphasised that the accusations that were making the rounds online were attempts by “fake news merchants” to damage its reputation.
It reiterated its dedication to accountability and openness, stating that it will keep publishing all agreements it enters into.
The GoldBod advised the public to exercise caution and ignore what it called false information intended to give the appearance of misconduct when none is present.
Source: newsthemegh.com