The Africa Center for Parliamentary Affairs (ACEPA) has called for a full, independent investigation into Ghana’s Domestic Gold Purchase Programme. This probe should cover the programme from its beginning to address alleged financial losses. Dr. Rasheed Draman, ACEPA's Executive Director, stressed the importance of including independent experts in any parliamentary inquiry.
Dr. Draman's comments support calls from incoming Majority Leader James Agalga for a comprehensive investigation. The inquiry aims to understand how the programme has been managed and account for any losses. This is crucial given the significant amounts of money reportedly involved. The investigation should not be limited to the period after the Ghana Gold Board (GoldBod) was established.
This demand comes amid ongoing disputes between the governing National Democratic Congress (NDC) and the opposition New Patriotic Party (NPP). Both parties have different claims about when and how losses occurred. Ghana, a country that often seeks external development financing, cannot afford such reported financial mismanagement. The integrity of public funds is paramount for national development.
Speaking on Joy FM's Newsnight on Tuesday, August 25, Dr. Draman expressed concerns about a purely parliamentary investigation. He noted that political parties often defend their own positions. He proposed a committee including eminent Ghanaians alongside parliamentarians. This structure would enhance public confidence in the process and its findings.
Dr. Draman cited Denmark's Public Accounts Committee as an example. This committee includes both Members of Parliament and non-parliamentarians. This approach ensures public funds are examined without partisan bias. A similar model could strengthen Ghana's investigation and lead to a credible outcome. It would help focus on national interests over political ones.
The financial implications of alleged losses are substantial for Ghana's economy. Such losses could divert funds from essential development projects. They also impact the country's ability to attract foreign investment. A transparent probe is vital for maintaining fiscal discipline and investor confidence. It ensures accountability for public resources.
A comprehensive and transparent examination of the Domestic Gold Purchase Programme will benefit the country. It will provide clarity on the programme's financial performance. It will also ensure accountability for any mismanagement. Decision-makers and financial markets will closely watch the outcome of any such investigation. This will influence future policy decisions regarding resource management.
The inclusion of independent voices is key to overcoming political polarization. It will ensure the investigation focuses on facts and national interest. This approach could set a precedent for future inquiries into public programmes. It reinforces the principle of good governance and financial stewardship.