The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has firmly pushed back against claims questioning the legitimacy of Bawa Rock Company Limited’s operations in Ghana’s gold sector, describing such assertions as inaccurate and misleading.

Appearing on JoyNews’ Newsfile on Saturday, January 3, Mr. Gyamfi clarified that Bawa Rock is a duly registered Ghanaian company with an established track record in precious minerals trading.

He explained that Bawa Rock Company Limited was incorporated on January 15, 2015, in accordance with Ghanaian law, and that trading in precious minerals—including gold—forms a core part of its registered business activities.

“Bawa Rock Company Limited is a company incorporated under the laws of Ghana. It was incorporated specifically on the 15th of January, 2015. Bawa Rock deals in precious minerals, among others,” he stated.

Mr. Gyamfi dismissed claims suggesting the company lacks the mandate to trade in gold, insisting that official documentation clearly supports its legal standing.

“When you hear people say that this company has nothing to do with gold trading or was not registered for that purpose, it is not true,” he stressed.

While acknowledging that Bawa Rock is registered to engage in a range of activities—such as mining, farming, and general goods trading—he emphasized that precious minerals trading remains central to the company’s operations.

The GoldBod CEO also rejected descriptions of Bawa Rock as a newly formed or opportunistic player in the gold industry.

“This company is also not a mushroom company that just surfaced in the gold trading space,” he noted.

According to Mr. Gyamfi, Bawa Rock received its first gold trading licence from the Precious Minerals Marketing Company (PMMC) in 2016 and has successfully renewed the licence every year since then.

“Since 2016, the company has renewed its gold trading licence every year until 2025. Every single year, the company has renewed its gold trading licence,” he added.

He further revealed that the company has played a significant role in Ghana’s gold supply chain, particularly under the Minerals Income Investment Fund (MIIF).

“As a matter of fact, they were one of the major gold suppliers to aggregators under MIIF’s Gold-for-Reserves programme in 2024, when the NPP was in power,” Mr. Gyamfi concluded.