Tano North MP, Dr Gideon Boako, has alleged that the sale of 18 tonnes of Ghana’s gold reserves was criminally intended. 

Contributing to the SONA debate in Parliament on March 4, the lawmaker described the transaction as deeply troubling and potentially injurious to the national interest.

He told Parliament that the decision to sell such a substantial quantity of gold at a time when the country’s foreign exchange reserves were reportedly healthy defied economic logic.

In his view, the move could not be justified on financial grounds, raising serious questions about motive and intent.

The MP argued that selling the gold at $3,500 per ounce, only to contemplate repurchasing gold at $5,500 per ounce within a few months, suggests either gross mismanagement or deliberate manipulation. 

He maintained that such actions, if proven, would amount to a betrayal of public trust.

Dr Boako demanded clarity on who purchased the 18 tonnes of gold and whether the commodity has been shipped out of the country. 

He insisted that if the gold remains within Ghana’s jurisdiction, the identities of the buyers must be disclosed in the interest of transparency.

Reiterating his call for a bi-partisan inquiry, he said Parliament must act decisively to uncover the facts. 

“Who bought those 18 tonnes of gold?” he asked.

“If it has not been shipped out of the country, we must know who bought it.” 

He stressed that only a thorough and independent investigation can restore public confidence in the management of Ghana’s strategic reserves.