{"id":110897,"date":"2026-01-13T05:14:00","date_gmt":"2026-01-13T05:14:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=110897"},"modified":"2026-01-13T05:14:00","modified_gmt":"2026-01-13T05:14:00","slug":"cdm-accuses-government-of-opaqueness-over-gold-for-reserves-losses","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=110897","title":{"rendered":"CDM accuses government of opaqueness over Gold-for-Reserves losses"},"content":{"rendered":"
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The Centre for Democratic Movement (CDM) has accused government authorities of sustained opaqueness in the management of the Gold-for-Reserves (G4R) Programme following the Bank of Ghana\u2019s admission that it has incurred losses under the initiative.<\/p>\n

The group said the development confirms long-standing concerns about secrecy and weak oversight.<\/p>\n

In a statement issued on Monday, January 12, CDM said the programme was implemented without a clearly disclosed legal, financial, or operational framework, making it difficult for Parliament and the public to properly assess its performance.<\/p>\n

\u201cSince its inception, the G4R Programme has been surrounded by contradictions and unanswered questions,\u201d CDM stated, noting that official assurances of profitability now conflict with data showing substantial losses.<\/p>\n

The group further criticised what it described as persistent evasion of parliamentary scrutiny, despite repeated summons and requests for documentation.<\/p>\n

According to CDM, this lack of transparency has contributed to growing distrust in economic governance.<\/p>\n

CDM warned that passing the financial burden from the Bank of Ghana to the Ministry of Finance would amount to shielding decision-makers from accountability.<\/p>\n

\u201cAny attempt to shift politically induced losses onto the Bank of Ghana or Ghanaian taxpayers must end,\u201d the statement said.<\/p>\n

The group concluded that restoring confidence requires full disclosure and accountability.<\/p>\n

\u201cGhanaians deserve truth, transparency, and responsibility,\u201d CDM said, adding that it remains committed to advocating for democratic, accountable, and transparent governance.<\/p>\n<\/div>\n

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\"CDMThe Centre for Democratic Movement (CDM) has accused government authorities of sustained opaqueness in the management of the Gold-for-Reserves (G4R) Programme following the Bank of Ghana\u2019s admission that it has incurred losses under the initiative.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3294,2160,1926,1883,10,9],"tags":[],"class_list":["post-110897","post","type-post","status-publish","format-standard","hentry","category-cdm","category-gold","category-government","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/110897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110897"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/110897\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}