Gold-for-Reserves losses should not burden taxpayers - CDM warns - News Summed Up

Gold-for-Reserves losses should not burden taxpayers - CDM warns


Business News of Tuesday, 13 January 2026Source: www.ghanaweb.comThe Centre for Democratic Movement (CDM) has warned against any attempt to shift losses from the Gold-for-Reserves Programme onto the Bank of Ghana or Ghanaian taxpayers. Reacting to the Bank of Ghana Governor’s admission that the central bank is seeking reimbursement from the Ministry of Finance, CDM said the development shows that the programme was politically designed without proper safeguards. CDM described the situation as particularly troubling because the Bank of Ghana is expected to be insulated from political experimentation. It argued that asking the Ministry of Finance to absorb the losses amounts to transferring the cost of failure to the public. “Those who politically designed and championed this programme must answer for its consequences,” CDM stated, insisting that responsibility should not be shifted after the fact.


Source: GhanaWeb January 13, 2026 10:50 UTC



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