Parliament has rejected a proposal by the Minority Caucus to investigate a reported $214 million loss linked to the Gold-for-Reserves programme, following strong opposition from the Majority side.
The motion, introduced by Kojo Oppong Nkrumah, aimed to set up an ad hoc committee to scrutinize the programme’s structure, implementation, financial performance, governance, and its potential environmental and public health implications.
However, the Majority Caucus dismissed the need for a probe, maintaining that the reported losses should be treated as part of normal operational costs rather than grounds for a parliamentary investigation.
The motion was ultimately defeated through a voice vote, effectively halting the proposed inquiry.
In the aftermath, the Minority pushed for a secret ballot to challenge the outcome, but the request was declined by the Speaker, Alban Bagbin.
The decision has deepened divisions in the House, with the Minority insisting on greater accountability over the programme, while the Majority stands by its position that no formal investigation is necessary.
