Back to Latest Briefings
August 24, 2026
AI-Enhanced
“What is wrong?” — Boadi questions scale-up of gold programme
Money
Policy
Key Points
- Professor Isaac Boadi has criticized the expansion of Ghana's Domestic Gold Purchase Programme despite earlier reported losses.
- He advocates for piloting major government initiatives to assess their sustainability before committing significant resources.
- Boadi highlighted that the programme was scaled up even after recording an initial reported loss of approximately $400 million.
- The programme has now reportedly incurred a total loss of $1.7 billion, which he attributes partly to factors like foreign exchange rate spreads and transaction costs.
- He urges policymakers to reassess the programme's structure to determine if its costs are justified by its benefits.
Why This Matters
This article is significant for Ghana as it highlights critical issues in public financial management and policy implementation, particularly concerning a major economic program. The reported losses of $1.7 billion represent a substantial drain on public funds, raising concerns about accountability and the effectiveness of government initiatives. It underscores the need for robust risk assessment and prudent decision-making in national economic policies to safeguard taxpayer money and ensure sustainable development.
Read Full Article
View original sourceRelated Articles
August 24, 2026
TCDA opens nominations for national Best tree crops farmer award
- The Tree Crops Development Authority (TCDA) has opened nominations for its National Best Tree Crops Farmer Award.
- The award aims to nationally recognize outstanding farmers contributing to Ghana's agricultural sector.
- Eligible tree crops include cashew, coconut, mango, oil palm, rubber, and shea.
- Nominees must be active farmers with verifiable farm details; false information will lead to disqualification.
- Nominations close on Thursday, August 27, 2026, and can be submitted online via the TCDA's official website.
August 24, 2026
Eastern Region: Traders, transport operators oppose proposed telecom mast at Koforidua-Kumasi station
- Traders and transport operators at Koforidua-Kumasi Station are opposing the proposed construction of a telecommunications mast, reportedly by MTN.
- Contractors allegedly began clearing land and evicting traders without clear prior notice or resolution of concerns.
- Opponents cite limited space for their businesses, health and safety concerns from erecting a mast in a densely populated area, and the fact that they pay to use the facility.
- Attempts to verify the project's permits with the New Juaben South Municipal Assembly were unsuccessful, leading to a complaint being lodged at the Central Police Station.
- The aggrieved parties are appealing to local authorities and GPRTU leadership for clarification and have vowed to resist the construction.
August 25, 2026
Mahama’s announcement of Agalga as Majority Leader did not follow procedure – Bagbin
- Speaker Alban Bagbin ruled President Mahama's announcement of James Agalga as the new Majority Leader unprocedural.
- The President does not have the authority to formally communicate changes in parliamentary caucus leadership to the Speaker.
- Parliament's Standing Orders dictate that the General Secretary of the relevant political party must communicate such changes.
- Until the prescribed procedure is followed, Mahama Ayariga remains the officially recognized Majority Leader.
- Formal recognition of Mr. Agalga is contingent upon the governing party and Majority Caucus completing the required parliamentary and party procedures.