Kojo Oppong Nkrumah, the Member of Parliament for Ofoase-Ayirebi, has made accusations against Sammy Gyamfi, the Chief Executive Officer of the Ghana Gold Board.
Oppong Nkrumah stated that Gyamfi is using claims of extortion to divert public attention.
The Minister said these claims are aimed at distracting from financial losses reported by the Bank of Ghana.
He referenced a recent report from the International Monetary Fund.
This report detailed a significant increase in domestic gold activities.
The Minister suggested Gyamfi's statements are a tactic to shift focus away from these financial issues.
The Ghana Gold Board and the Bank of Ghana have not yet responded to these specific claims.
Further details on the alleged losses at the Bank of Ghana are expected.