Sammy Gyamfi Questions Afenyo-Markin’s Record as Former ECG Board Chairman

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has engaged Minority Leader Alexander Afenyo-Markin in a heated exchange over their respective records in public service.

Sammy Gyamfi reportedly challenged Afenyo-Markin over his tenure as Board Chairman of the Electricity Company of Ghana (ECG), citing what he described as an GH¢8.2 billion loss recorded during Afenyo-Markin’s tenure.

In response, Gyamfi highlighted what he described as the financial performance achieved under his leadership at GoldBod.

“Under your watch as ECG Board Chairman, you made a GHS 8.2 billion loss. I have made a $17 billion profit in just one and a half years,” Sammy Gyamfi stated.

Sammy Gyamfi Challenges Afenyo-Markin

The comments have added another dimension to the ongoing political debate surrounding the management and performance of state-owned institutions in Ghana.

Gyamfi used the comparison to defend his record and challenge questions surrounding his own stewardship, pointing to the figures he cited as evidence of what he considers a stronger financial performance.

Debate Over ECG and GoldBod Performance

The remarks have also renewed discussions about the financial performance of major state institutions, particularly ECG and GoldBod.

ECG has faced longstanding concerns over financial sustainability, operational efficiency, revenue collection and the cost of electricity distribution, while GoldBod has become a major focus of government’s efforts to reform Ghana’s gold trading and export sector.

Claims Require Verification

The figures cited by Sammy Gyamfi remain claims made in the political debate and should be considered in the context in which they were made. Official financial records and audited reports would be required to independently establish the precise figures and determine how the respective amounts were calculated.

The exchange between the two politicians is expected to generate further discussion about accountability, public-sector performance and the management of Ghana’s state institutions.