A parliamentary attempt to investigate the handling of Ghana’s gold reserves has been halted.
The Speaker of Parliament, Alban Bagbin, dismissed a motion filed by the Minority Caucus seeking to establish a committee to probe the alleged sale of gold from the central bank’s reserves.
The motion, led by Abena Osei-Asare, called for a bipartisan inquiry into the reported transactions.
The Minority argued that concerns had been raised over transparency and whether due process had been followed in managing the country’s gold assets.
They maintained that, given the strategic importance of gold reserves, Parliament had a responsibility to ensure accountability and protect the national interest.
The call for an investigation follows growing public debate over the scale and purpose of the reported sales. Some Minority members warned that the transactions could have implications for economic stability, particularly if conducted without sufficient oversight or communication to Parliament.
However, Mr Bagbin’s ruling effectively blocks the formation of the proposed committee. While detailed reasons for the decision were not immediately provided, the move has drawn criticism from the Minority, who say the issue still requires further scrutiny.
The sale of portions of Ghana’s gold reserves has become a focus of public debate in recent years, as authorities explore measures to stabilise the economy and support the local currency.
The Bank of Ghana has played a central role in these efforts, introducing policies aimed at strengthening foreign exchange reserves and the cedi.
Gold, widely regarded as a key store of value, has therefore featured prominently in economic management discussions, with any decision to sell attracting scrutiny.
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