Tag: Gold for Reserves
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Public Accounts Committee Grills BoG Governor Over Gold for Reserves Losses
Background: Gold for Reserves under scrutiny The Public Accounts Committee (PAC) in Ghana raised pointed questions this week about the country’s Gold for Reserves program as it examined the Bank of Ghana (BoG) and its handling of reserves management. The inquiry, led by PAC Chair Abena Osei-Asare on Monday, January 12, 2026, focused on the…
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Abena Osei-Asare Grills BoG on Gold Reserves Losses
Ghana’s Public Accounts Committee confronts the Bank of Ghana The ongoing saga around Gold for Reserves losses took a sharp turn during a recent appearance before Parliament’s Public Accounts Committee (PAC). Chairperson Abena Osei-Asare thrust a line of questioning at the Bank of Ghana (BoG) Governor, Dr Johnson Asiama, demanding accountability on a matter that…
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Abena Osei-Asare Grills BoG Governor Over Gold for Reserves Losses
Ghana’s Public Accounts Committee presses Bank of Ghana on Gold for Reserves losses The Public Accounts Committee (PAC) of Parliament in Ghana intensified its scrutiny of the Bank of Ghana (BoG) during the appearance of the central bank’s Governor, Dr. Johnson Asiama, before the committee on Monday, January 12, 2026. The session, led by PAC…
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Gold for Reserves Sparks Debate: Distorted Competition, Says Bright Simons
Context: What Gold for Reserves Aims to Do The Gold for Reserves initiative has been pitched as a strategic move to diversify currency reserves and strengthen macroeconomic stability. Proponents say it could improve resilience by broadening the assets central banks hold, while supporters emphasize long-term benefits for national savings. Yet as the policy rolls out,…
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Gold for Reserves: Bright Simons Warns of Distorted Competition Favoring Bawa Rock
Overview: A Vocal Warning from Bright Simons Bright Simons, Vice President of IMANI Africa, has voiced a sharp critique of the Gold for Reserves programme, arguing that its current structure distorts market competition and systematically advantages the so‑called Bawa Rock segment over private sector participants. Speaking on JoyNews’ Newsfile, Simons highlighted perceived flaws in policy…
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IMANI Africa Urges Revisions to Gold for Reserves Program to level Playing Field
Overview: A Contested Gold for Reserves Policy Bright Simons, Vice President of IMANI Africa, has raised pointed concerns about the structure of a recent national initiative known as the Gold for Reserves program. Speaking on JoyNews’ Newsfile, Simons argued that while the program aims to bolster national reserves, its current design risks distorting competition and…
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Gold for Reserves: Bawumia Deserves Commendation in Ghana
Introduction: Acknowledging strategic leadership in crisis The Ghanaian economy faced a turbulent period as the global economic crisis tightened its grip on the country. In the midst of this downturn, a policy initiative spearheaded by former Vice President Dr. Mahamudu Bawumia—commonly known as the Gold for Reserves programme—was highlighted as a beacon of strategic thinking.…
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Bawumia Deserves Commendation as the Brain Behind Ghana’s Gold for Reserves Programme, Says Senyo Hosi
Introduction: A strategic move in a tough era In a recent reflection on Ghana’s economic resilience, Senyo Hosi attributes a pivotal role to former Vice President Dr. Mahamudu Bawumia for conceiving and championing the Gold for Reserves programme at the Bank of Ghana. Hosi argues that the initiative was not just a policy novelty but…
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Bawumia Receives Commendation as the Brain Behind Ghana’s Gold for Reserves Programme, Says Senyo Hosi
Introduction: A Strategic Policy in Turbulent Times The Ghanaian economy faced a turbulent period marked by a global economic crisis that strained financial stability and exposed overreliance on traditional revenue streams. In this climate, former Vice President Dr. Mahamudu Bawumia introduced a bold policy initiative—the Gold for Reserves programme at the Bank of Ghana. The…