Back to Latest Briefings
March 10, 2026
AI-Enhanced
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.
Read Full Article
View original sourceRelated Articles
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.
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.
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.