Business News of Thursday, 19 March 2026
Source: www.ghanaweb.com
The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has invited policy analyst Kofi Bentil to engage directly with the central bank over concerns surrounding Ghana’s gold transactions.
Speaking at the 129th Monetary Policy Committee (MPC) press conference in Accra on Wednesday, March 18, 2026, Dr Asiama dismissed allegations that the Bank’s sale of gold had resulted in financial losses, insisting that the institution operates transparently and remains open to scrutiny.
“Kofi Bentil should pay me a visit; he should stop those wild allegations. We are ready to answer him; he should just make a call and come,” he said.
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“I’m ready to open the books; he should come, and I will explain to him,” Dr Asiama added.
The response comes after IMANI Africa Vice President, Kofi Bentil, raised concerns in a Facebook post, questioning the timing and implications of the transaction.
“Don’t forget this government sold 18 tons of our gold when all forecasts showed that gold prices were rising.
“They now want to buy it back at a loss of almost $2 billion dollars. I sincerely hope they have good reasons for that. So far I haven’t heard any good reason,” Kofi Bentil earlier wrote.
However, Dr Asiama maintained that the sale did not result in any loss to Ghana’s national assets.
He noted that the gold was converted into foreign exchange assets, which remain part of Ghana’s Gross International Reserves.
He further explained that the proceeds from the transaction are being actively managed within the Bank’s reserve portfolio to generate returns while maintaining external stability.
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“In short, this was a strategic diversification measure designed to strengthen the resilience and usability of Ghana’s international reserves, not a depletion of national assets,” the BoG Governor said.
MA