Accra: Policy think tank Africa Policy Lens (APL) has formally requested detailed disclosures from the Bank of Ghana (BoG) regarding the divestment of a portion of the nation's gold reserves in the last quarter of 2025. In a letter addressed to the Governor of the central bank and submitted under the Right to Information Act, 2019 (Act 989), Dr Hayford Mensah Ayerakwa, Director of Research, Administration and Partnerships at APL, is seeking clarity on what the organization describes as a matter of 'significant national interest,' given gold's central role in Ghana's monetary stability and external reserves management.
According to Ghana Web, Dr Ayerakwa argues that during a period marked by rising global gold prices and increased central bank accumulation worldwide, any large-scale divestment requires full public transparency. The letter calls on the Bank of Ghana to provide a comprehensive breakdown of the transactions executed during the period in question.
APL is requesting the central bank to release 20 categories of information, including confirmation of the total quantity of gold divested, the exact dates of transactions, the pricing benchmarks used, and the identities of counterparties involved. Additional details sought include transaction structures, transfer modes, proceeds from sales, and the strategic rationale for divestment.
APL emphasised that the disclosure is necessary not only for public accountability but also to address inconsistencies in public discussions surrounding the management of Ghana's gold reserves. Dr Ayerakwa noted that the organisation expects a response within the statutory timelines stipulated under Act 989, stating, 'The people of Ghana deserve full clarity on the strategic decisions involving our national gold reserves,' and adding that such transparency is essential for maintaining trust in the stewardship of the nation's financial assets.