Call for Transparency as Ghana Loses Nearly 19 Tonnes of Gold in Three Months

Economist Dr. Frank Bannor has raised alarms over a dramatic decline in Ghana's gold reserves, which plummeted from 37.1 tonnes in September 2025 to just 18.6 tonnes by December 2025, marking a loss of 18.5 tonnes within a single quarter. This significant drop has prompted concerns regarding the management of the country's gold reserves, especially given that the previous administration had left reserves at 30.5 tonnes. Dr. Bannor is demanding a public explanation from the Governor of the Bank of Ghana, questioning whether the gold was sold, used as collateral, or involved in off-market transactions. He emphasized the need for transparency to maintain public trust in reserve management during a critical period of economic recovery for the nation. The economist's call for clarity highlights the importance of understanding the financial implications of such a substantial loss in reserves, which could affect Ghana's economic stability.