Ghana IntelBrief
Back to Latest Briefings
Suhum MP vows NPP will probe Gold-for-Reserves in 2029
March 31, 2026
AI-Enhanced

Suhum MP vows NPP will probe Gold-for-Reserves in 2029

Money
Policy

Key Points

  • NPP MP Frank Asiedu Bekoe warns that a future NPP government will reopen investigations into Ghana’s Gold-for-Reserves programme if they win power in 2029.
  • The call for a probe is driven by serious financial concerns, including an IMF-cited loss of $214 million from the programme.
  • A parliamentary motion to establish an inquiry into the policy's design and financial performance was recently blocked by the Majority (NDC).
  • Mr. Asiedu Bekoe links the alleged losses to broader economic challenges like youth unemployment and criticizes the Majority's lack of accountability.
  • The Gold-for-Reserves programme, introduced by the Bank of Ghana in 2021 to boost foreign exchange reserves, has faced criticism despite government claims of stabilization.

Why This Matters

This issue is significant for Ghana as it highlights substantial alleged financial losses (estimated at $214 million) from a key economic policy, directly impacting national resources. It raises serious questions about government accountability, transparency, and the prudent management of public funds, especially when linked to critical issues like youth unemployment. The political standoff over the investigation could erode public trust and affect future policy implementation.

Read Full Article

View original source

Related Articles

Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune

April 9, 2026

Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
  • Dr. Dre has officially been placed on Forbes' 2026 World’s Billionaires list.
  • His net worth is estimated at $1 billion, largely built through music, production, and the sale of Beats by Dre.
  • He is now one of only six musicians on the list, alongside Jay-Z, Beyoncé, Rihanna, Taylor Swift, and Bruce Springsteen.
  • Forbes identifies Jay-Z as the world's wealthiest musician with an estimated net worth of $2.8 billion.
  • This recognition solidifies Dr. Dre's status as a self-made American billionaire and a major figure in global music and business.
Read full briefing

AGI commends government’s move to resolve the power crisis in Volta and Oti Regions

April 8, 2026

AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
  • The Association of Ghana Industries (AGI) has commended the government's efforts to resolve the power crisis in the Volta and Oti Regions.
  • Plans are underway to rehabilitate transmission lines with higher voltage cables and other machinery to improve power supply.
  • This project aims to increase power capacity from GRIDCO to ECG, benefiting clients across the two regions.
  • Current power cuts and fluctuations have severely hindered industrial production, particularly impacting small and medium-skilled enterprises.
  • AGI hopes the project will be completed within the stipulated one year to ensure stable power for sustained industrial production.
Read full briefing

Legendary manager Lucescu dies days after resigning

April 7, 2026

Legendary manager Lucescu dies days after resigning
  • Legendary Romanian football manager Mircea Lucescu has died at the age of 80.
  • He passed away five days after stepping down as Romania's head coach due to illness.
  • Lucescu had an extensive managerial career, leading clubs like Inter Milan, Galatasaray, Shakhtar Donetsk, and the Turkish national team.
  • The Romanian Football Federation and various clubs paid tribute to him as a brilliant tactician, mentor, and national symbol.
  • He also captained Romania at the 1970 World Cup as a player.
Read full briefing