The Ghana Gold Board (GoldBod) has rejected a fast-spreading claim that it lost GH¢200 million to a man wrongly described online as a bodyguard of its Chief Executive Officer, Sammy Gyamfi.
In a statement issued in Accra on Monday, August 3, 2026, the state gold-trading regulator said the viral social media report about Dominic Bonsu Ventures was “entirely false, malicious and deliberately intended to mislead the public,” and laid out what it says is the real story behind the trending headlines.
What Sparked the GoldBod GH¢200 Million Claims
The controversy began after a social media publication alleged that Dominic Bonsu, described in the post as a former personal security officer to Gyamfi, had disappeared with GH¢200 million belonging to GoldBod. The claim spread rapidly across Ghanaian social media timelines and WhatsApp groups over the weekend, drawing reactions from political figures. Former Ablekuma Central Member of Parliament Ebenezer Nii Narh Nartey said on social media that he and some colleagues had decided to investigate the allegations further, adding fuel to the story’s spread.
GoldBod’s Official Response
GoldBod’s statement flatly denied both central claims driving the online story. The board said Dominic Bonsu “has never, at any point, served as a bodyguard or personal security officer” to Gyamfi, and stressed that no such relationship has ever existed between the two men. It also rejected the suggestion that it had lost or advanced GH¢200 million, or any amount of money, to Bonsu or his company.
The Real Story Behind Dominic Bonsu Ventures
According to GoldBod, the actual issue is far less dramatic than the viral posts suggest. The board explained that the trading licence of Dominic Bonsu Ventures was suspended over suspected breaches of its licence terms and violations of GoldBod’s trading directives, in line with the Ghana Gold Board Act, 2025 (Act 1140).
Following investigations and enforcement action, Bonsu was arrested and remanded into lawful custody by the High Court in Accra, where legal proceedings against him are ongoing.
Why GoldBod Says the Timing Matters
GoldBod expressed concern that the false narrative was designed to distort an active enforcement process, misinform the public and undermine confidence in its operations. The board urged Ghanaians to disregard the circulating claims and rely only on information released through its official communication channels.
It also appealed directly to media organisations, bloggers and social media users to verify information before publishing, calling for higher standards of responsible journalism around the story.
What It Means for Ghana’s Gold Sector
GoldBod was established under the Ghana Gold Board Act, 2025, to regulate the buying, selling, exporting, weighing, grading and valuing of precious minerals in the country, with a particular focus on formalising trade from small-scale mining.
As a young institution still building public trust while enforcing tougher licensing rules, GoldBod is especially exposed to reputational damage from viral misinformation, which is part of why it moved quickly to issue a public rebuttal rather than let the claims circulate unanswered.
The episode also highlights the speed at which unverified financial scandal claims can spread in Ghana’s social media ecosystem, particularly when they involve large sums of public money and senior public officials.
GoldBod reaffirmed its commitment to enforcing the laws governing Ghana’s gold trading sector “fairly, professionally and without fear or favour.” The board’s message to the public was clear: the real story is a licensing enforcement matter now before the courts, not a missing-millions scandal involving its chief executive’s inner circle.
Key Details at a Glance – GoldBod Denies GH¢200 Million Loss to Dominic Bonsu
- GoldBod denies losing or advancing GH¢200 million to Dominic Bonsu or Dominic Bonsu Ventures
- Dominic Bonsu was never a bodyguard or personal security officer to CEO Sammy Gyamfi, the board says
- Dominic Bonsu Ventures’ gold trading licence was suspended over suspected breaches of licence terms and GoldBod’s trading directives
- Bonsu was arrested and remanded into custody by the High Court in Accra; legal proceedings continue
- The board’s statement was issued in Accra on Monday, August 3, 2026, citing the Ghana Gold Board Act, 2025 (Act 1140)
- GoldBod is urging the public and media to verify information before sharing it further
Frequently Asked Questions
Did GoldBod lose GH¢200 million?
No. GoldBod says it has not lost or advanced GH¢200 million, or any other amount, to Dominic Bonsu or Dominic Bonsu Ventures, describing the viral claim as false and misleading.
Was Dominic Bonsu really Sammy Gyamfi’s bodyguard?
No. GoldBod says Dominic Bonsu has never served as a bodyguard or personal security officer to CEO Sammy Gyamfi, and that no such relationship has ever existed.
Why was Dominic Bonsu Ventures’ licence suspended?
GoldBod suspended the company’s gold trading licence over suspected breaches of its licence terms and violations of GoldBod’s trading directives under the Ghana Gold Board Act, 2025. Bonsu was subsequently arrested and remanded by the High Court in Accra, where the case is ongoing.
As the court case against Dominic Bonsu proceeds, GoldBod’s swift, detailed rebuttal is likely to shape how the story is remembered less as a missing-millions scandal, and more as a case study in how quickly an unverified claim can dominate Ghana’s news cycle. Readers should continue to watch for updates from GoldBod’s official channels and from the courts as the legal proceedings unfold.
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