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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.
Music producer M.O.G Beatz has confirmed that the copyright infringement issue between him and musician Charles Nii Armah Mensah has been fully resolved.
In a statement released on Thursday, 11 December 2025, he described the resolution as an important step toward protecting creative work and promoting fairness in the music industry.
He noted that the matter had been settled peacefully and expressed optimism about stronger respect for artistic rights going forward.
M.O.G Beatz thanked his legal team for their support during the process.
He expressed gratitude to Mr. Seidu and Mr. Kojo Spio for their guidance and encouragement, adding that many others stood by him and helped underline the importance of safeguarding the rights of creators.
By: Jacob Aggrey
News
Global Africa Summit: Jane Reindorf urges policy makers to remove barriers discouraging investment
The Founder and Chief Executive Officer of the Africa Investment Network, Jane Reindorf, has urged policy makers to remove barriers that discourage investment in Ghana.
She made the appeal during the two-day Global Africa Summit held at the Alisa Hotel in Accra from December 11-12.
The Global Africa Summit is an initiative of the Africa Investment Network designed to unite Africa and its global diaspora under a shared vision of economic collaboration and sustainable development.
The summit provides a platform for governments, investors, policymakers, and industry leaders to discuss opportunities that can accelerate growth across the continent.
Held in major cities across the world, the summit focuses on promoting trade, investment, innovation, and entrepreneurship.
It also highlights the critical role of diaspora capital and partnerships in unlocking Africa’s potential in sectors such as technology, renewable energy, agriculture, finance, tourism, and the creative economy.
Reindorf speaking to journalists at the summit, explained that the forum was created to explore opportunities for trade and investment in Ghana across different sectors.
She noted that although the country was showing visible development, a more supportive environment would help attract and retain investors, especially those from the diaspora.
She observed that people in the diaspora come to Ghana through different experiences and journeys, and a friendly business climate would help sustain their interest.
She stressed that investors mainly look for places where their capital can grow and make meaningful impact.
In her view, cultural attitudes, politics, and personal biases sometimes block opportunities in Ghana even though investors focus more on the strength of business prospects than on political issues.
She pointed out that a diaspora investor with about 200 million dollars could easily choose Kenya or South Africa if Ghana failed to create a favourable environment.
For her, government must work to keep investment coming into Ghana instead of losing it to other countries.
Reindorf shared that the next day of the summit would include reflections on the event and discussions on investment opportunities in Africa’s “sixth region,” the diaspora.
She explained that these conversations would look at how remittances can be turned into productive investments rather than being used only for family support.
She added that entrepreneurs would present bankable projects to both in-person and virtual investors as part of efforts to link ideas with funding.
She described this as the moment “the magic happens,” and expressed appreciation for the support of the network’s investment partner, John Morris.
Reindorf highlighted that African Americans, Brazilians, and Caribbean communities form a strong base of potential investors.
She said the Africa Investment Network hopes to engage these groups and direct their interest toward Ghana by building the right platform.
She noted that during her first visit to Ghana, she assessed the market and saw clear potential to attract investment through stocks, bonds, projects, and direct ventures.
She explained that this was the type of platform the organisation aims to strengthen to support Ghana’s investment drive.
By: Jacob Aggrey
