Former Managing Director of the Precious Minerals Marketing Company (PMMC), Nana Akwasi Awuah, issued a statement on Tuesday, October 13, 2026, defending his tenure and asserting that the company had been turned around by the end of 2024 before the establishment of its successor, the Ghana Gold Board (GoldBod).
Awuah cited the final financial audit reports covering PMMC’s books from 2020 to 2024, claiming the company had struggled during that period but made significant progress by year‑end 2024. He said, “It is instructive to note that the final audit reports over the years in question demonstrate a struggling PMMC which was eventually turned around by year end of 2024.”
The comments come after GoldBod’s engagement with Parliament’s Public Accounts Committee, which noted that PMMC’s accounts had not been audited for 2020‑2024 until new management requested an audit in 2025. Awuah disputed the impression that audits were initiated only after the change in management, stating he had written to the Auditor‑General on September 2, 2024, to request a comprehensive audit of the company’s accounts for the five‑year period. He said the process was delayed by bureaucratic challenges associated with appointing a new external auditor, adding that the Auditor‑General’s team began work in September 2024 after receiving the request.
The final audit reports were subsequently concluded, signed and submitted in April and June 2025, he said. Awuah also pointed to a performance audit conducted by the Auditor‑General in 2023, which he described as the first of its kind at PMMC in about two decades. He maintained that the company’s turnaround by the end of 2024 established a firm foundation for GoldBod’s creation, pushing back against any suggestion that the previous management had failed to initiate the audit process.
What follows is a closer look at the audit timeline and the implications for Ghana’s gold sector as the new GoldBod prepares to take over PMMC’s responsibilities.
