‘NO SOLE SOURCING’: GoldBod Defends GHC11m Office Renovation Deal

The Ghana Gold Board (GoldBod) has publicly published official documents of evidential value to prove that the GHC11 million office renovation and refurbishment contract it awarded in July 2025 to Correca Ghana Ltd., a company reportedly linked to Deputy Chief of Staff, Stan Xoese Dogbe, was not a sole-sourced contract and it strictly complied with all legal procurement protocols.

The purported linkage of Stan Dogbe to Correca has not been proven yet.

GoldBod has said the full details of the said with Correca Ghana including all corresponding letters had been published on the GoldBod’s official website in accordance with its policy of transparency and accountability.

The clarification was contained in a statement issued by GoldBod and signed by its Media Relations Director, Prince Kwame Minkah.

The statement explained further that the contract to renovation selected floors of the former Bank of Ghana Headquarters to be used as office space for the GoldBod was awarded through restricted tendering on the express approval of the Public Procurement Authority (PPA). The said building had been officially declared by the previous occupants as “structurally defective and not fit for purpose”

BoG Former Headquarters

GoldBod noted that following its establishment in April 2025, it recruited over 300 new staff members, making it necessary to relocate from the “dilapidated” former premises of the Precious Minerals Marketing Company (PMMC)

According to the Board, it leased the old Bank of Ghana Head Office in Accra—a building the central bank had itself previously described as “structurally defective and not fit for purpose”—and decided to renovate it rather than seek more expensive alternatives.

Contrary to claims of sole sourcing, GoldBod stated that it sought and obtained approval from the Public Procurement Authority (PPA) on 24 June 2025 to use a “restricted tendering” process. Three companies were shortlisted, with Correca Ghana Limited emerging as the successful bidder.

“The mischievous claim, therefore, that the contract was awarded through sole-sourcing, is completely false,” the Board said.

Laptop prices ‘competitive’

On the second allegation, GoldBod confirmed it purchased 15 Lenovo ThinkPad T14S laptops in November 2025 for its newly-appointed directors and deputy directors at a total cost of 322,500 Cedis—approximately 21,500 Cedis per unit.

The statement disclosed further that the procurement of 15 laptops from GET4LESS Ghana Limited for newly-appointed Directors and Deputy Directors was done transparently and that the laptop prices were competitive with the open market prices.

“It must be added that Commitment Authorization for this transaction was duly sought and granted by the Ministry of Finance in accordance with the Public Procurement Act, as amended. The fifteen (15) laptops were purchased at a total price of GHS322,500, translating into a unit price of GHS21,500 (inclusive of all applicable taxes).

“This price perfectly aligns with the specification of the procured laptop – Lenovo ThinkPad T14S laptop Core i7 1355U 16GB RAM 512GB SSD 14.0 Inch FHD.  A simple check from the website of the supplier (screenshot attached) shows that the open market price of the said laptop is GHS21,505. Furthermore, checks with other suppliers will show that the purchased price of the laptops is very competitive”, the statement explained.

The statement tackled what it described as “false allegations being peddled by some individuals on various social media platforms”. The controversy haboured on two major claims: that a company linked to Stan Dogbe was handed an office renovation deal through sole sourcing, and that the Board inflated the price of laptops purchased for its senior staff.

GoldBod defended the pricing, noting that checks showed the open market price for the same specification laptop was 21,505 Cedis—virtually identical to what it paid.

“The claim that the laptops were procured at an inflated price is complete falsehood,” the statement read.

Transparency pledge

In what appeared to be a pre-emptive move, GoldBod noted it had published both contracts on its official website on 10 March 2026, in line with transparency requirements under the Ghana Gold Board Act.

The Board accused unnamed individuals of attempting to “smear” its reputation, describing them as “desperate purveyors of fake news”.

“The Ghana Gold Board holds dear the principles of transparency and accountability and will continue to uphold these tenets by publishing all contracts it enters into,” the statement concluded.