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flag GoldBod CEO denies Bawa Rock is unlicensed, stating it's been legally operating since 2015 with a valid gold license since 2016.

flag On January 3, 2026, GoldBod CEO Sammy Gyamfi denied claims that Bawa Rock Company Limited is an unlicensed or illegitimate "mushroom company," stating it was incorporated in January 2015 and has held a valid gold trading license since 2016. flag He emphasized the company’s long-standing operations in gold trading, mining, farming, and general merchandise, with consistent compliance and participation in Ghana’s MIIF Gold-for-Reserves programme. flag The remarks followed a public dispute over the company’s incorporation date and came amid scrutiny of its legitimacy.

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