A section of the public is outraged over a contract between the Ghana Gold Board (GoldBod) and a private company to renovate the old Bank of Ghana building for its use.
According to the public, the contract awarded to Correca Limited, a subsidiary of Woezor Group, owned by Deputy Chief of Staff Stan Xoese Dogbe, smacks of conflict of interest.
Reports making rounds on social media, coupled with comments confirm the nexus between Deputy Chief of Staff in the second John Mahama administration, Stan Dogbe and the entity that won the GH¢11m contract.
CONTRACT
In the contract document, Correca Ghana Limited, the company that won the bid, was represented by Joshua Nicco-Anna, the General Manager and GoldBod was represented by its Chief Executive Officer, Samuel Gyamfi.
It said that the GoldBod invited quotations for the renovation of the old Bank of Ghana head office for the use of GoldBod.
“Following the completion of the tender process, the GoldBod has accepted the quotation by the contractor [Correca Ghana Limited] for the execution of those works and services in the sum of Eleven million, nine hundred and one thousand, seven hundred and thirty-six Ghana cedis and thirteen pesewas (GH¢11,901,736.13) for completion in six weeks after signing of the contract,” the contract read in part.
GOLDBOD REACTS
Prince Kwame Minka, the media relations officer for GoldBod, signed a statement issued over the weekend to ostensibly debunk what the release described as “false allegations being peddled by some individuals…”
The statement outlined the events preceding the award of the contract, stating that GoldBod sought approval from the Public Procurement Authority (PPA) to use a restricted tender and it was granted.
“Thus, on 26th May, 2025 the GoldBod sought approval from the Public Procurement Authority and same was granted by the PPA on 24th June, 2025 for the Ghana Gold Board to use the restricted tendering process to select a contractor to undertake the renovation works.
“While setting the records straight, GoldBod, in its statement, said that three entities were shortlisted and participated in the tendering process for the said contract, with Correca Ghana Limited winning the bid for the said contract.
“The mischievous claim, therefore, that the contract was awarded through sole-sourcing is completely false. Correca Ghana Limited was qualified to undertake the works and has actually undertaken and completed the works in a timely and professional manner, in accordance with its contractual obligations,” the statement added.
GoldBod stated that, “in the spirit of transparency and accountability,” the contract document was published on its website and as such, claims that they were intercepted could not be true.
However, Section 42(1)(c) of the Ghana Gold Board Act, 2025 (Act 1140), mandates GoldBod to publish its contract.
STAN DOGBE REACTS
The Deputy Chief of Staff, who has come under criticism following a company he is a part of winning the contract, took to his Facebook page to advocate for GoldBod to be commended for its transparency in publishing all the contract documents.
When a social media commenter questioned why he had been given an appointment but was still taking a government contract, Stan Dogbe asked if his company should have shut down after his party won power.
He replied, “Well, I should have shut down my businesses once the NDC won and sent everyone home? No Sir or Madam.”
He continued that, “Business thrives by chasing business opportunities. They did not sit down to be called. I am not sure you will be denied if you also source for a service within your business’ operational area.”
PREVIOUS
It would be recalled that former minister for finance, Ken Ofori-Atta, who owns Data Bank, was intensively criticised for the involvement of the bank in bond transactions while he was still the manager of the exchequer.
Explanations that the bank was already transacting that business with the government several years before Ken Ofori-Atta became a minister were not enough.
Ahead of the 2024 general election, the minister for Food and Agriculture, Bryan Acheampong, was condemned together with the Akufo-Addo government when the minister’s company, Rock City Limited, attempted to purchase shares of some SSNIT hotels.
Describing it as a form of state capture by the Akufo-Addo government, the sale did not materialise due to the public outcry.
Several political analysts indicated that such an attempt contributed to the defeat of the NPP in the 2024 elections.
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