Two Dead, Two Injured In Gory Asuboi Crash

TWO PERSONS have been confirmed dead and two others severely injured following a fatal road accident involving a Hyundai truck with registration number GX 7359-14 and a KIA Rhino with registration number GX 857-16 on the Accra-Kumasi Highway at Asuboi on Saturday, July 18, 2026.

In a statement issued by the Ghana National Fire Service (GNFS), officers from the Suhum Municipal Fire Station responded to a distress call received at 09:01hrs. A crew of six personnel led by Station Officer Antwi Forson was dispatched at 09:03hrs and arrived at the scene at 09:13hrs.

According to the GNFS, firefighters found casualties trapped in the wreckage and immediately deployed extrication equipment to rescue them. The victims were later handed over to personnel from the Ghana Police Service and the Ghana Ambulance Service for transportation to the Suhum Government Hospital.

Preliminary investigations indicate that the KIA Rhino, which was traveling from the Upper West Region to Accra, suffered a front tyre burst. The driver reportedly lost control and crashed into the Hyundai truck. The accident involved four casualties in total – two fatalities and two injured.

Both vehicles sustained extensive damage. The front section of the Hyundai truck was badly damaged, while the KIA Rhino’s front section and one tyre were completely destroyed.

’Unmask This Dangerous Man’

A registered owner of a land at Abehenease near Amasaman in Accra has expressed concern about how an unknown person has destroyed the fence wall of his property.

The owner, Frank Dan Enyimayew, claims that the crime was committed at a time when he was not present at the location. To provide security for the property, he has engaged a welder to occupy the place, who was not present when the hoodlums came to demolish the wall.

A structure is also on the property which, according to him, contains an assortment of building materials which he intends to use for the project.

The yet-to-be identified person, he said, could be someone who is on the prowl, damaging property of persons who duly acquired same.

He has called on the Amasaman Police to assist in unmasking the person behind the destruction of property duly acquired by their owners and to bring him before the law.

‘I bought the property from the rightful owners of the land, Nii Awuah III, head of the Nii Awuah-Amanfro Family of Abehenase of Accra and duly registered it at the Lands Registry,’ he said.

‘Imagine working for so many years and investing one’s life’s savings into a project only for a devious person to come and do this to me,’ he told DAILY GUIDE.

He said he has reported the case to the Amasaman Police whose personnel have visited the scene and taken pictures as part of their investigations.

Following what has befallen him, other property owners who are yet to commence construction even though they have walled the land are said to be living in fear, not knowing whether or not they would be next.

The Council Of State Is Wrong On Dual Citizenship – And Ghana Cannot Afford The Error (1)

On 7 July 2026, the Speaker of Parliament announced that the Council of State had advised against passage of the Constitution of the Republic of Ghana (Amendment) Bill, 2025 – the bill that would remove the constitutional restrictions barring dual citizens from public office. The advice is not binding. Article 291(2) requires the Council’s opinion; it does not require Parliament’s obedience. And Parliament should not obey it, because the advice is wrong in law, wrong in history, and wrong on the evidence of every serious democracy that has confronted this question.

What makes the Council’s position remarkable is that it reverses itself: the same institution endorsed substantially the same reform during the Eighth Parliament. Nothing has changed since – except that the case for reform has grown stronger. The Supreme Court has struck down part of the exclusionary regime as unconstitutional. The Presidency and cross-party sponsors back the bill. Diaspora remittances have reached roughly US$7.8 billion a year – dwarfing foreign direct investment and rivalling gold and cocoa as a pillar of the national balance sheet. President Mahama has rightly called the diaspora Ghana’s ’17th region.’ The Council of State now proposes to tell that region: your money is welcome; your service is not.

The Legal Case: An Exclusionary Regime Already in Ruins

The 1992 Constitution originally stripped Ghanaians of citizenship if they acquired another. The 1996 amendment (Act 527) corrected that harshness: Article 8(1) now permits dual citizenship. But it came with a rider. Article 8(2) barred dual citizens from a list of offices – Ambassador, Secretary to the Cabinet, Chief of Defence Staff and the Service Chiefs, Inspector-General of Police, Commissioner of Customs, Director of Immigration – and let Parliament add more by statute. Article 94(2)(a) separately disqualifies from Parliament anyone who ‘owes allegiance’ to another country. Parliament used its statutory power enthusiastically: Section 16(2) of the Citizenship Act, 2000 (Act 591) extended the exclusion to the Chief Justice and Supreme Court Justices, Chief Directors, senior military officers, and – extraordinarily – any other office a Minister might prescribe by legislative instrument.

The courts have been dismantling this regime for over a decade. In Asare v. Attorney-General (2012), the Supreme Court struck down the requirement that dual citizens obtain a certificate before exercising their rights, with Justice Akuffo describing the Act 591 exclusions as making a mockery of the Constitution. Then, in May 2024, the Court delivered the decisive blow: in a 6-1 decision, it struck down Parliament’s statutory additions to the excluded-offices list as violating Article 289(2) – the Constitution cannot be amended by ordinary Act.

The practical consequence is profound. As of today, a dual citizen may lawfully serve as Chief Justice of the Republic – the final interpreter of the Constitution itself – but may not sit as a backbench MP or serve as Director of Immigration. No theory of loyalty, security, or sovereignty can explain this arrangement. It is not a security architecture; it is rubble.

If anyone doubts what the regime delivers in practice, the case of James Gyakye Quayson, MP for Assin North, is the answer. A born Ghanaian who renounced his Canadian citizenship spent years in litigation over the timing of that renunciation. His election was annulled; his constituents were disenfranchised; a by-election was held – which he won resoundingly; a criminal prosecution followed. Years of judicial time and public money were consumed not by any allegation that he betrayed Ghana, but by paperwork chronology. This is the pattern wherever such rules exist: they never catch traitors; they catch technicalities. As Professor Stephen Kwaku Asare has argued for two decades, Ghana’s governance problem has never been dual citizens – it has been greed and corruption, afflictions that carry no passport.

There is also a quietly discriminatory dimension. Children of mixed ECOWAS marriages – a Ghanaian mother, a Nigerian or Togolese father – are frequently dual citizens at birth, whether they know it or not. The current regime disqualifies them from national service for an accident of parentage – an embarrassment to a constitutional order committed to non-discrimination under Article 17.

Ghana is also swimming against the regional current. In May 2025, South Africa’s Constitutional Court unanimously struck down the automatic loss of citizenship upon acquiring another nationality. The continental trajectory – Kenya, Nigeria, Rwanda – is unmistakably toward inclusion. The Council’s advice would place Ghana, long the region’s democratic pacesetter, on the trailing edge of a reform it should be leading.

The Historical Case: A 1990s Answer to a Question Ghana No Longer Faces

Constitutional provisions are answers to the anxieties of their era. The framers of the 1992 Constitution wrote in the shadow of three decades of coups, in a country hemorrhaging professional abroad, when a Ghanaian in London was functionally gone. In that world, restricting sensitive offices to sole citizens was an intelligible precaution.

Every one of those premises has collapsed. The brain drain the framers feared has matured into a brain bank: an estimated three million Ghanaians abroad now include physicians running NHS departments, engineers at the world’s leading technology firms, professors, central bankers, and fund managers. The remittances they send are the single most reliable inflow in Ghana’s external accounts – more stable than aid, more patient than portfolio capital. And the state itself has spent years courting this community through the Year of Return and Beyond the Return, campaigns premised on the idea that the diaspora’s tie to Ghana is an asset to be deepened, not a taint to be quarantined.

The inconsistency has now become impossible to ignore. Since the Year of Return, Ghana has conferred citizenship on hundreds of African Americans and Caribbean diasporans – men and women born and raised abroad, welcomed at State House ceremonies as brothers and sisters come home, most of whom retain their American or other passports and are therefore dual citizens from the moment they take the oath. Yet a Ghanaian born in Kumasi and raised in Ghana, who acquires an American passport after years of work abroad, is treated as constitutionally suspect. We extend the full embrace of citizenship to those with no birth tie to the soil, while withholding full civic rights from the sons and daughters of the soil itself. No coherent principle of loyalty survives that comparison – and no country can credibly invite the global African family home while telling its own children they returned with one passport too many.

There is also Ghana’s own founding history to reckon with. Nkrumah studied at Lincoln and Penn and organized in London; Danquah was called to the English bar; the Big Six were, almost to a person, formed abroad and returned. Pan-Africanism itself – the ideology on which this Republic was proclaimed – is a doctrine of the diaspora; W.E.B. Du Bois died a citizen of Ghana. The claim that transnational attachment dilutes commitment to Ghana is refuted by the biography of every founder whose portrait hangs in our public buildings.

III. The Comparative Case: What Countries Gain When They Open the Door

Dozens of democracies allow dual citizens in legislatures and high office. The evidence of harm is essentially nil; the evidence of benefit is everywhere.

The United Kingdom imposes no bar on MPs or ministers. Boris Johnson held United States citizenship by birth while serving as Mayor of London and into his tenure as Foreign Secretary, renouncing it in 2016 for tax reasons, not loyalty ones.

Canada has entrusted its highest offices to dual citizens: Michaëlle Jean, a dual French-Canadian citizen, served as Governor General – commander-in-chief of the Armed Forces – and Andrew Scheer led the Official Opposition while holding U.S. citizenship. Canada’s response has been, correctly, a shrug: performance in office, not paperwork, is the measure of loyalty.

The United States – the most security-obsessed state on earth – permits dual citizens in Congress and Cabinet. Madeleine Albright, born in Prague, served as Secretary of State, and Schwarzenegger governed California while retaining his Austrian citizenship throughout.

Israel, in near-permanent security emergency, allows dual citizens in the Knesset and requires renunciation only upon actually taking a seat – concluding that a broad diaspora bar would amputate its greatest strategic asset.

And within Africa, the lesson repeats. Rwanda openly welcomed dual citizens into the government that rebuilt the country after 1994, much of it returned from the diaspora. Nigeria bars only naturalized dual citizens from elective office – citizens by birth remain fully eligible, a distinction Ghana should study. Liberia enacted dual citizenship in 2022 in explicit recognition that excluding its diaspora was excluding its own reconstruction capital.

Against this record, the bill’s opponents can cite no example – none – of a democracy where dual citizens in high office produced the espionage or divided-loyalty crisis the restriction supposedly prevents. The predicted harm has had fifty years and fifty countries in which to materialize. It has not.

Bridge Collapse Cuts Off Two Districts

The collapse of the Achiase-Anumso metal bridge in the Ashanti Region has cut off the Juaben Municipality from the Bosome Freho District, crippling transportation, disrupting economic activities and leaving thousands of residents stranded.

The bridge, which serves as a major link between the two districts, caved in after years of heavy use, with residents blaming the continuous movement of heavy-duty equipment for weakening its structure.

Residents disclosed that they had repeatedly warned authorities that the bridge was becoming unsafe and could collapse at any time, but no major rehabilitation works were undertaken.

Although illegal mining (galamsey) activities are ongoing in the area, the residents maintained that the bridge’s collapse was not caused by mining but by the excessive movement of heavy machinery across it.

A temporary attempt to restore access by dumping sand into the collapsed section has rather compounded the problem. The sand has blocked the natural flow of the Mentu River, causing flooding whenever it rains and rendering the road completely impassable.

The development has dealt a heavy blow to farming and trading activities in the area. Farmers are unable to transport their produce to markets, resulting in huge post-harvest losses, while traders remain stranded with their goods.

Residents also say the collapsed bridge has created a major healthcare challenge, making it difficult to transport emergency cases, including pregnant women in labour and critically ill patients, to health facilities.

Speaking to Kumasi FM, commuters appealed to the government to urgently reconstruct the bridge to restore movement, improve access to healthcare and revive economic activities.

Meanwhile, the Municipal Chief Executive (MCE) for Juaben, Eunice Ohenewaa Ansu, has inspected the collapsed bridge and assured residents that government would take steps to reconstruct it.

The MCE, however, expressed concern over the continued illegal mining activities in the enclave, and called for intensified efforts to tackle the menace.

’NPP Will Recapture All Lost WR Seats’

The Western Regional branch of the New Patriotic Party (NPP) will work extra hard to recapture all the seats it lost to the National Democratic Congress (NDC) in the last general election as well as consolidate its hold in the 2028 general election.

An aspiring Regional Secretary of the party, Kwasi Bonzoh, who made this known, stated that grassroots mobilisation and strengthening relationships with voters could help the party achieve its aims.

Speaking to journalists in an interview after submitting his forms to the NPP Regional Office in Takoradi to contest the Regional Secretary position in the party’s upcoming regional executives’ elections, Mr. Bonzoh expressed optimism that the flagbearer of the NPP, Dr. Mahamudu Bawumia, will win the 2028 presidential election.

‘But our president will need majority members in Parliament to enable his government implement all its policies,’ he pointed out.

He stressed that all the seats in the region are winnable, and added that if the NDC was able to win Tarkwa-Nsuaem and Kwesimintsim in the last parliamentary elections then the NPP can win Amenfi West and East in 2028.

‘It is regrettable that out of the 17 seats in the region, the NPP has only two. But I promise you we will recapture Tarkwa-Nsuaem, Sekondi, Kwesimintsim, Jomoro, Evalue-Ajomoro-Gwira and all constituencies we have won before,’ he stated.

Mr. Bonzoh noted that his focus as the next Western Regional Secretary of the NPP is on restoring party unity and strengthening the grassroots to improve the party’s parliamentary fortunes.

He said he has served the party well as a former District Chief Executive for Ellembelle and a parliamentary candidate of the party in the area for 16 years.

He, therefore, appealed to the delegates to vote massively for him as the next Regional Secretary, to help mobilise the grassroots for massive victory for NPP in the next general election.

‘I am a grassroots person. So it will not be difficult at all for me to convince them with the NPP’s policies to vote massively for the party in 2028,’ he stressed.

He, however, mentioned that the contest is an internal one and expected his supporters and that of his other competitors to conduct peaceful campaigns devoid of insults.

‘This is because after the regional executives’ elections, we need to come together to work hard to win massively, because Ghanaians are fed up with the lies and deceit of the NDC,’ he added.

Mahama Unveils Plan To Transform Ho Sports Stadium

President John Dramani Mahama has announced plans to redevelop the Ho Sports Stadium into a modern multi-purpose sports and entertainment complex as Ghana prepares to celebrate its 70th anniversary next year.

Speaking during an inspection of ongoing redevelopment works at the facility, the President said the project forms part of the government’s broader strategy to upgrade sports infrastructure and position key venues to host major national and international competitions.

The Ho Sports Stadium has struggled for years with a poor playing surface, flooding and ageing stands, limiting its ability to stage top-flight football.

However, Mahama believes its central location and available surrounding land make it ideal for a comprehensive transformation.

He revealed that the government will fund the project, complete the architectural designs and engage the public before construction officially begins.

‘We will allocate the funds, complete the designs and return them for public consultation before cutting the sod for work to commence,’ he said.

Mahama explained that the stadium will be developed as a multi-purpose facility rather than a venue dedicated solely to football.

Plans include commercial spaces such as shops, restaurants and entertainment centres to ensure year-round activity and generate sustainable revenue.

He noted that many stadiums remain idle outside match days and stressed the need for facilities that serve both sporting and commercial purposes.

The upgraded stadium is expected to feature a modern natural grass pitch with an automated irrigation system, improved spectator stands and infrastructure that meets FIFA Category B standards and CAF requirements for international competitions.

The President also reaffirmed the government’s ambition to develop at least five modern stadiums across the country capable of hosting major continental tournaments, including a future Africa Cup of Nations.

The Ho Sports Stadium redevelopment is expected to boost sports development in the Volta Region while creating a vibrant hub for football, entertainment and business activities.

Pageant Events Need Corporate Support – Ganyobi Niiquaye

RENOWNED PAGEANT Coordinator, Ganyobi Niiquaye, has stated that Ghana’s emerging national pageantry industry is increasingly being recognised as a platform for youth leadership, cultural promotion and community development.

According to him, despite their growing impact, many of these platforms continue to face a major challenge: a lack of sponsorship and strategic partnerships from corporate organisations.

He said in recent years, pageants such as Mister and Miss Imperial Ghana, Mister Tourism Ghana, Ghanaian King, Miss Eco Ghana, and Miss Sapphire Ghana have sought to redefine pageantry by shifting the focus from physical appearance to purpose-driven leadership, advocacy and community service.

‘Contestants are encouraged to champion social causes, undertake community projects and serve as ambassadors for positive change. For many organisers, turning these ambitions into reality has become increasingly difficult due to limited financial support,’ he disclosed.

Also, Venunye Teku, CEO of Miss Sapphire Ghana, said securing sponsorship remains one of the greatest hurdles facing emerging pageantry platforms, noting that many organisations still perceive pageantry as entertainment rather than a vehicle for youth development and social impact.

He added that inadequate sponsorship affects nearly every aspect of organising a national pageant, including production quality, publicity, contestant development and community outreach.

Isaac Acheampong, Chief Operations Officer of Mister Tourism Ghana, echoed similar concerns, noting that limited corporate backing continues to constrain how much emerging pageants can invest in contestant development and community outreach across the industry.

Both Teku and Acheampong argue that pageantry contributes significantly to Ghana’s creative economy, creating opportunities for fashion designers, photographers, makeup artists, stylists, choreographers, event planners, content creators and media practitioners – while also equipping young people with leadership, communication and entrepreneurial skills and promoting tourism and Ghanaian culture. Teku believes corporate Ghana must rethink its perception of the industry.

Don’t Sign Tribunals Bill – Bawumia To Mahama

The opposition New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, has urged President John Dramani Mahama to withhold assent to the recently passed Tribunals Bill, 2026, warning that the legislation risks creating a ‘second justice system’ and undermining public confidence in the country’s judiciary.

Addressing the nation on the controversial bill yesterday, Dr. Bawumia described the proposed reintroduction of tribunals into the nation’s judicial architecture as a matter with far-reaching implications for justice delivery, democratic governance and the country’s constitutional order.

He appealed directly to President Mahama not to sign the bill when it is presented to him, but rather suspend the process and allow broader national consultations on the matter.

‘Mr. President, do not sign this Bill. Pause, and let the nation talk,’ he said.

The former Vice President noted that Parliament passed the Tribunals Bill last week after waiving the mandatory one-day interval between the consideration stage and third reading, enabling the legislation to be approved on the same day.

According to him, objections raised by the Minority in Parliament and organised labour were overruled despite concerns about the implications of the bill.

Dr. Bawumia cited the position of the Trades Union Congress (TUC), which has called for the withdrawal of the bill, warning that in its current form it could become a tool for the weaponisation of justice delivery.

‘This is not a partisan request,’ he stressed, arguing that concerns about the bill extend beyond political divisions.

The NPP flagbearer also questioned the rationale behind Parliament’s decision, pointing to recommendations made by the Constitution Review Committee established by President Mahama.

According to him, the committee’s report, submitted last December, recommended the removal of Regional Tribunals from the Constitution on the grounds that the High Court has long assumed their responsibilities.

However, he observed that the report has yet to be published, while Parliament has proceeded to pass legislation that appears to move in the opposite direction.

‘Before the nation has even read the report, Parliament has rushed through and legislated in the opposite direction. Mr. President, publish the report first,’ he urged.

Dr. Bawumia further argued that the nation’s judicial challenges should be addressed by strengthening existing courts rather than establishing parallel structures.

While acknowledging concerns about congestion in the courts, he maintained that the solution lies in appointing more judges, expanding courtroom infrastructure and accelerating the digitisation of judicial processes.

‘Our courts are congested, yes. But the answer to congested courts is to strengthen the courts: more judges, more courtrooms and digitised processes. It is not to build a second system of justice beside the one the Constitution already gives us,’ he stated.

He also raised concerns that tribunal panels established under the proposed law could include individuals who are not legally trained but would nevertheless be empowered to adjudicate criminal matters.

Invoking Ghana’s historical experience with tribunals, Dr. Bawumia cautioned against reforms that could revive painful memories associated with the country’s past justice delivery systems.

‘Ghanaians remember tribunals, and we remember what was done in their name,’ he said.

The NPP leader further urged the government to exercise restraint, arguing that the National Democratic Congress (NDC), which commands a substantial majority in Parliament, should not rely solely on its numerical strength to enact legislation without broad consensus.

‘Not everything that can be passed should be passed,’ he said, adding that history would judge laws not by the number of votes they received but by whether they reflected the aspirations of a broad section of society.

Dr. Bawumia called for a comprehensive national engagement involving the Ghana Bar Association, other legal professional bodies, organised labour, civil society organisations, political parties and the Judiciary before any decision is taken on the future of the bill.

He stressed that justice belongs to Ghanaians rather than any government or political party, and argued that major changes to the country’s justice system should be built on national consensus.

Dr. Bawumia urged President Mahama to use constitutional mechanisms, including consultation through the Council of State under Articles 90 and 106 of the 1992 Constitution, to facilitate wider discussions on the bill rather than proceed with assent.

‘The pen is in your hand. Use it, not to sign this Bill, but to write an invitation to the nation,’ he said.

Wontumi Jailed 20 Years Over Akonta Mining Case

The High Court in Accra has sentenced Ashanti Regional NPP Chairman, Bernard Antwi Boasiako, popularly known as Chairman Wontumi, to 20 years in prison on each of two counts related to illegal mining. The sentences will run concurrently.

The court also imposed a fine of 10,000 penalty units on each count. Akonta Mining Limited, which was jointly charged, was convicted on two counts and fined 15,000 penalty units per count

Justice Audrey Kocuvie-Tay delivered the judgment after dismissing a last-minute defence application to delay the ruling and refer constitutional questions to the Supreme Court.

The judge ruled that Section 99(2)(b) of the Minerals and Mining Act was clear and did not conflict with the 1992 Constitution.

The court found that Akonta Mining assigned its mineral rights without approval from the Minister of Lands and Natural Resources.

The prosecution proved that Henry Okum was allowed to mine portions of the concession, and the court rejected claims that he was only engaged for reclamation. Justice Kocuvie-Tay described Wontumi’s explanation that proceeds would fund future coconut farming as ‘an afterthought.’

Although a company is a separate legal entity, the court said Akonta Mining had no functional board and that Wontumi exercised direct control. He was therefore held personally liable as the de facto controller of the mining lease.

Also, both Wontumi and Akonta Mining were found guilty of facilitating unlawful mining. The court cited evidence that Wontumi introduced Okum to a person who helped him acquire an excavator.

The defence’s arguments, including a narrow interpretation of ‘otherwise deal with’ and claims of no written agreements, were all rejected. The judge held that informal arrangements could still attract criminal liability.

The ruling marks one of the highest-profile convictions in Ghana’s ongoing crackdown on illegal mining.

GoldBod Bags 54 Tonnes In 6 Months

The nation’s gold sector is on course for another record year after the Ghana Gold Board (GoldBod) purchased up to 54 metric tonnes of gold from the artisanal and small-scale mining (ASM) sector during the first half of 2026.

The strong performance has reinforced the growing dominance of small-scale mining in the country’s gold industry and is expected to provide a significant boost to foreign exchange earnings, a key pillar supporting Ghana’s ongoing economic recovery.

The GoldBod Chief Executive Officer, Sammy Gyamfi, disclosed that the Board had purchased between 50 and 54 metric tonnes of gold from the ASM sector between January and June this year.

‘We are around 50-54 metric tonnes this year in purchases. At this rate, we are likely to match or even surpass last year’s output,’ he told journalists.

The projection follows a record performance in 2025 when GoldBod purchased and exported 104 metric tonnes of gold from the ASM sector, which marked the first time small-scale mining production exceeded output from the nation’s large-scale mining industry.

ASM Sector Leads Gold Industry

According to Mr. Gyamfi, the ASM sector generated nearly US$11 billion in foreign exchange earnings in 2025, surpassing the approximately US$9 billion contributed by large-scale mining companies.

Between January 2025 and May 2026, GoldBod purchased and exported gold valued at US$16.11 billion.

During the same period, the Board acquired 135.843 metric tonnes of gold, of which 135.221 metric tonnes came from the artisanal and small-scale mining sector, representing almost the entire volume purchased.

Expanded Licensing Network

Mr. Gyamfi attributed part of the sector’s success to GoldBod’s efforts to expand its network of licensed gold buyers and strengthen oversight of the country’s gold trade.

As of May 31, 2026, the Board had licensed 1,184 gold buyers nationwide.

The licensed operators include two aggregators, 67 self-financing aggregators, 736 Tier Two buyers and 379 Tier One buyers.

Under GoldBod regulations, all licensed buyers are required to purchase gold exclusively from licensed miners before selling it to the Board for export.

The GoldBod CEO said the licensing framework is helping to improve traceability, reduce smuggling and ensure that export proceeds are channelled through official systems to support the country’s foreign exchange reserves.

Reforms Drive Official Purchases

He said reforms aimed at combating gold smuggling and encouraging formal gold trading have significantly increased the volume of gold entering official marketing channels.

According to him, the reforms have enabled the state to capture a larger share of export revenue from the booming artisanal mining industry while strengthening dollar inflows into the economy.

Prices Ease but Outlook Remains Strong

Despite the impressive production figures, GoldBod acknowledged that recent declines in global gold prices have tempered revenue projections for the year.

Mr Gyamfi said the Board’s initial forecasts were based on an average gold price of about US$5,000 per ounce and weekly purchases of approximately 2.5 metric tonnes.

Although prices have softened from those assumptions, he noted that gold prices remain above 2025 levels.

He indicated that, as a result, Ghana is still expected to earn more from gold exports in 2026 than it did last year, even if revenues fall short of GoldBod’s original projections.

Building Foreign Reserves

The GoldBod boss said the growth in official gold purchases also supports the Ghana Accelerated National Reserve Accumulation Programme (GANRAP), which aims to increase Ghana’s foreign reserves to the equivalent of 15 months of import cover by the end of 2028.

Current estimates place Ghana’s import cover at about 5.7 months, meaning the country must build an additional 9.3 months of reserve cover over the next two years.

The Government estimates indicate that achieving the target will require an average annual net reserve build-up of about US$9.5 billion after accounting for debt servicing, foreign exchange interventions and other statutory obligations.

Under GANRAP, GoldBod has set a weekly purchase target of approximately 3.02 metric tonnes of gold, a volume expected to generate annual gross inflows of about US$25.3 billion.