The Dispatch

Ghana, South Africa against gold sales

The Ghana government has assured its South African counterpart that it will join her and other African gold-producing countries to oppose the proposed gold sale by the International Monetary Fund (IMF) and the on-going gold sale by the British government, reports the Dispatch in a front page story.

The story says Mr Fred Ohene-Kena, Minister of Mines and Energy, who met a six-member South African delegation in Accra, last Friday, noted that such co-operation was necessary because of the devastating effect such sales would have on Africa?s emerging gold mines, workers and economies.

He is quoted as saying: "We condemn this move in no uncertain terms. We need to be very vociferous in letting the international community know about what these mean to our economies".

The South African delegation was in Ghana to discuss ways of mounting pressure on Britain to stop the gold sale and the impending sales by the IMF, World bank and other European Central Banks.