Hmm, how about using the GPU-Z built-in Render Test tool - ? mark near the Bus Interface field, does that register correctly (shows as 99% Load on my Nvidia GeForce GTX 670 card)?
Please try other benchmark/stress tools, such as FurMark, MSI Kombustor, 3DMark (any of the latest versions), Unigine Heaven, Folding@Home - does GPU-Z report GPU Load correctly with those running?
Did you try an older AMD video driver version?
EDIT: Also, please double check with other tools - what do MSI Afterburner and EVGA Precision say - do they show the 99% on the left, 1% on the right, or some other percentage?
Links:
http://event.msi.com/vga/afterburner/download.htm
http://www.evga.com/precision/ (this one needs a login/account to download it, however)