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March 10, 2026
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Africa Policy Lens requests Bank of Ghana to detail 2025 gold sales and proceeds
Money
Policy
Key Points
- Africa Policy Lens (APL) has formally requested detailed information from the Bank of Ghana regarding recent divestments of the country’s gold reserves.
- The request, dated 9 March, cites concerns over transparency, accountability, and the strategic rationale behind these sales.
- APL seeks specific details including the total quantity of gold sold in Q3 and Q4 2025, transaction dates, pricing benchmarks, counterparties, and transaction structures.
- Queries also cover the financial handling of proceeds, including accounts credited, application of funds (reserves, debt servicing, investments), and any commissions or fees paid.
- APL invoked the Right to Information Act, 2019 (Act 989), urging the Bank of Ghana to provide the requested details within statutory timelines.
Why This Matters
This issue is significant for Ghana as the transparent and accountable management of national gold reserves directly impacts the country's economic stability, foreign exchange position, and overall financial credibility. As a major gold producer, any perceived opacity in the handling of such strategic assets can erode public trust, raise concerns about potential corruption, and deter future investment.
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