The minority in Parliament has once again submitted a motion to the Speaker of Parliament requesting an investigation into the Gold for Reserve Scheme.
According to the Minority in Parliament, the investigation should encompass its design, implementation, governance, financial performance, environmental and public health implications, as well as any related matters.
They are urging the investigating committee to examine, among other things, the reported foreign exchange losses incurred by the Bank of Ghana in relation to the scheme, the roles of pertinent State institutions, the integrity of supply-chain due diligence and traceability systems, the risk of acquiring illegally sourced gold, and the accountability issues that arise from these matters.
This request follows the minority’s press conference detailing Ghana’s losses in the gold trade attributed to the GoldBod.
Find the motion below
NOTICE OF MOTION UNDER ORDER 127
1. That this Honourable House, pursuant to Article 103 of the 1992 Constitution and Standing Orders 204, 212, 213, 262 and 263, is moved to Establish an Ad Hoc Committee to investigate the Gold-for-Reserves Scheme, including its design, implementation, governance, financial performance, environmental and public health implications, and any related matters.
2. That the purpose of the said Ad Hoc Committee shall be to inquire into, inter alia, the reported foreign exchange losses sustained by the Bank of Ghana in connection with the scheme, the roles of relevant State institutions, the integrity of supply-chain due diligence and traceability systems, the risk of acquisition of illegally sourced gold, and issues of accountability arising therefrom.
3. That accompanying this Notice of Motion is the Substantive Motion, setting out the composition, powers, terms of reference, reporting timelines, interim measures, and implementation framework of the proposed Ad Hoc Committee.
4. Submitted this ….. day ……. 2026.
5. APPLICANTS OF THE MOTION
HON KOJO OPPONG NKRUMAH
(MP FOR OFOASE AYIREBI, RANKING MEMBER,
COMMITTEE ON ECONOMY)
HON TWENEBOA KODUA FOKUO
(MP FOR MANSO NKWANTA)
HON JERRY AHMED SHAIB
(MP FOR WEIJA-GBAWE AND SECOND DEPUTY MINORITY WHIP)
HON VINCENT EKOW ASSAFUAH
(MP FOR OLD TAFO)
DR. FRED KYEI ASAMOAH
(MP FOR OFFINSO NORTH)
