Ranking Member on Parliament’s Foreign Affairs Committee, Samuel Abdulai Jinapor, has attributed the current economic stability to the Domestic Gold Purchase Programme (DGPP) introduced under the erstwhile Nana Akufo-Addo administration.

Speaking on Channel One TV’s The Point of View on Wednesday, March 18, 2026, Jinapor noted that policies implemented by the previous government have positioned the John Dramani Mahama administration to better withstand emerging geopolitical tensions, particularly the ongoing conflict in the Middle East.

According to him, the Domestic Gold Purchase Programme has played a crucial role in boosting Ghana’s gold reserves while serving as a stabilizing force for the cedi.

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“National Democratic Congress inherited [policies] that made its current economy better. A lot of what is happening with our economy, national currency, the cedi, is directly as a result of the Domestic Gold Purchase Programme. The Domestic Gold Purchase Programme is the anchor on which the stability and sustainability that we’re enjoying today is taking place,” he stated.

Jinapor further explained that prior to the introduction of the programme, the Central Bank did not actively maintain gold reserves as part of its policy framework.

“At the time the programme was introduced, we didn’t have a policy of Gold Reserves by the central bank. When the programme was introduced, we began to use gold as a tool for stabilising our national currency and intervening in our national economy. This is why it has led us to increase our gold reserves significantly. GoldBod, if well implemented, I believe, will help us a great deal. During geopolitical turmoil like this, the safest commodity is gold,” he said.

SO/VPO

Meanwhile, watch as Dr Nyaho-Tamakloe scores Mahama govt high, only next to Nkrumah’s in the video below: