Sammy Gyamfi used his appearance on Newsfile monitored by MyNyewsGh to confront what he described as “deliberate misinformation” surrounding Bower Rock Company Limited, the firm at the heart of the GoldBod controversy.
According to the GoldBod CEO, claims that the company was hastily formed in 2025 for rent-seeking purposes were false and unsupported by evidence.
“Bower Rock Company Limited is a company incorporated under the laws of Ghana on the 14th of January 2015,” Gyamfi stated, stressing that its existence predates the GoldBod by nearly a decade.
He explained that Bower Rock’s corporate documents clearly list dealing in precious minerals as a principal activity, alongside mining and trading.
“When you hear people say this company has nothing to do with gold trading, it is simply not true,” he said, adding that documentary proof had been submitted to Newsfile producers.
Gyamfi further traced the company’s operational history, noting that it obtained its first gold trading licence from the Precious Minerals Marketing Company (PMMC) in March 2016 and renewed that licence annually through 2025.
“This is not a mushroom company,” he insisted.
To reinforce the point, he cited Bower Rock’s participation in the Minerals Income Investment Fund’s gold-for-reserves programme under the previous administration.
“They were among the major gold suppliers to aggregators under MIIF in 2024 when the NPP was in power,” he said.
For Gyamfi, the documentary trail settles the matter. “These are records. These are facts. And anybody who says otherwise is either uninformed or intentionally misleading the public.”
