Speaker Bagbin rejects Minority motion on BoG Gold Reserve probe

A move by the Minority in Parliament to trigger an investigation into the alleged sale of gold reserves at the Bank of Ghana has hit a roadblock after the Speaker of Parliament, Alban Bagbin, ruled the motion inadmissible.

The Private Member’s motion, led by Abena Osei-Asare and supported by other Minority MPs, sought to establish an ad hoc parliamentary committee to look into claims surrounding the handling of the country’s gold reserves.

In an official memorandum dated Tuesday, April 7, and issued by the Clerk to Parliament, the decision was formally communicated to the MPs involved, including Patrick Yaw Boamah and Isaac Boamah-Nyarko.

“I write to notify you that the Rt. Hon. Speaker has declined the motion,” the Clerk to Parliament stated.

The motion, originally filed on February 9, 2026, was intended to probe what the Minority describes as troubling developments involving the country’s gold reserves, particularly under the Bank of Ghana’s Gold-for-Reserves programme.

This latest development follows earlier concerns raised by the Minority in December, when they called for a bipartisan investigation into a reported $214 million loss linked to the programme. At the time, they argued that the issue raised serious questions about accountability, transparency, and environmental governance.

With the motion now rejected, it remains unclear what next steps the Minority will take as they continue to push for answers on the matter.

See memo below:



NA/BAI

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