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“Gold board is a game changer for Ghana’s economy” – Deputy majority leader boldly asserts
Deputy Majority Leader and Member of Parliament for Cape Coast South, George Kweku Ricketts-Hagan, has described the newly established Gold Board as a major turning point for Ghana’s economy.
Speaking on the floor of Parliament, the MP said Ghana is finally beginning to take bold steps to fix its economy after years of financial struggles.
According to him, Ghana has been producing gold for decades, yet it has not built strong reserves like countries that do not even mine gold.
He noted that such countries are now lending money to Ghana, which shows how poorly the country has managed its natural resources in the past.
“For 70 years, we’ve never backed our economy with gold reserves. Countries that don’t mine gold have reserves in their central banks, but we, who produce gold, don’t. This is the change the Gold Board brings,” he said.
Mr. Ricketts-Hagan praised the efforts of President John Dramani Mahama and the finance minister, Dr. Cassiel Ato Forson, saying they were helping to reset the economy and fix past mistakes.
He explained that the recent strengthening of the Ghana cedi is a sign that the economy is being fixed.
“When you hear people say the cedi is strong and you don’t understand why, go to the Ministry of Finance and ask,” he said.
The MP also criticized members of the previous administration, accusing them of doing little during their time in office.
“They were in government for eight years and achieved so little. That’s why Ghanaians showed them the exit,” he stated.
Mr. Ricketts-Hagan ended his remarks by urging the opposition to accept that the economy has changed.
He said the days of poor economic management were over and that Ghana was on a new path of recovery and stability.
“This is not just talk. Things have truly changed. The Gold Board is helping us reset the economy, and it’s never going back to what it used to be,” he confidently stated.
The Gold Board was set up as part of efforts to improve the management of Ghana’s gold resources and strengthen the country’s economic foundation.
News
Media reports claiming Cecilia Dapaah is cleared by FBI are false – OSP
The Office of the Special Prosecutor (OSP) has dismissed media reports suggesting that former Sanitation Minister, Cecilia Abena Dapaah, has been cleared of corruption by the Federal Bureau of Investigation (FBI).
In a statement, the OSP said its attention had been drawn to several misleading publications which claimed that the FBI “found no evidence of corruption” or that Mrs. Dapaah “had been cleared.”
The office stressed that these reports were false and a misrepresentation of its Half-Yearly Report.
According to the OSP, the report stated that no direct and immediate evidence of corruption had been found, a legal standard that is different from saying there was “no evidence” or that the former minister had been cleared.
The OSP explained that the case was earlier referred to the Economic and Organised Crime Office (EOCO) after investigations revealed strong signs of suspected money laundering and structuring, which fall under EOCO’s mandate.
However, the previous leadership of EOCO failed to act and returned the docket.
The new leadership has since requested and received the docket again.
The OSP urged the media to report with accuracy and remain faithful to official documents, stressing that responsible communication is necessary on matters of high national interest.
By: Jacob Aggrey
News
Government Pays GH¢9.7 Billion Coupon Under the Domestic Debt Exchange Programme (DDEP)
The Government of Ghana has paid GH¢9.7 billion as part of its debt obligations under the Domestic Debt Exchange Programme (DDEP).
The Minister of Finance, Dr. Cassiel Ato Forson said the payment amounted to GH¢9,698,815,220.17.
This brings the total payments made under the programme this year alone to GH¢19.4 billion.
According to the minister in a facebook post, the payment shows government’s commitment to honouring agreements made under the DDEP and is expected to boost investor confidence in the economy.
He stated that government has also created two sinking fund accounts one in cedis and another in US dollars to help manage future debt payments.
These funds, introduced he said is in line with the 2025 Mid-Year Fiscal Policy Review and backed by the Public Financial Management Act, meant to ensure that upcoming loan obligations due between 2026 and 2028 are paid on time.
The Finance Minister assured investors and the public that all future debt commitments, including those under the DDEP, will be fully honoured without delays.
By: Jacob Aggrey
