The Chief Executive Officer of GoldBod, Mr. Sammy Gyamfi, has launched a scathing attack on JoyNews over what he describes as a petty, mischievous and intellectually dishonest fact-check arising from a corrected typographical error in an earlier Facebook post on Ghana’s foreign reserves.
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In a strongly worded statement addressed to the media house, Mr. Gyamfi said JoyNews deliberately chose to ignore the substance of his clarification and instead seized on an obvious and already-rectified typo, a move he said was calculated to mislead the public.
He explained that the reference to “2016” in paragraph seven of his original post was a simple typographical error, and not, as JoyNews suggested, an attempt to misrepresent facts. According to him, the comparison was clearly between Ghana’s Gross International Reserves in 2024, which stood at $9 billion before the establishment of GoldBod, and 2025, where reserves have climbed to over $12 billion following GoldBod’s operations.
Mr. Gyamfi stressed that he immediately corrected the error once it was brought to his attention, changing the year from 2016 to 2024, a correction he said was made well before JoyNews published its fact-check.
“It is absurd and frankly insulting to suggest that I would compare foreign reserves from 2016 to 2025 to demonstrate the impact of an institution that did not even exist until 2025,” he stated, describing JoyNews’ approach as disingenuous and lacking basic logical reasoning.
The GoldBod CEO accused the media house of engaging in selective journalism, arguing that publishing an entire fact-check on an inadvertent typo, while deliberately ignoring its correction, amounts to bad faith reporting and a clear departure from accepted journalistic ethics.
Mr. Gyamfi, who is also the National Communications Director of the ruling National Democratic Congress (NDC), said such conduct does a disservice to the public and undermines the credibility of fact-checking as a journalistic tool.
He demanded that JoyNews publicly acknowledge the correction and urged media organisations to act with fairness, balance and intellectual honesty, noting that Ghana’s democracy deserves better than what he described as cheap and mischievous journalism.
Mr. Gyamfi reaffirmed GoldBod’s commitment to transparency and results-driven governance, insisting that the increase in Ghana’s foreign reserves from $9 billion in 2024 to over $12 billion in 2025 speaks louder than what he called media theatrics.
