Search

Vice President Bawumia Touts $10 Trillion Gold Reserve as Economic Savior for Ghana

  • Dr. Bawumia proposes leveraging unexplored gold belts, purportedly worth over $10 trillion, to bolster Ghana’s economy.
  • Skepticism surrounds the feasibility of the Vice President’s plan, given the ambitious nature and past economic challenges.

 

In an address in Accra on Tuesday, Ghana’s Vice President, Dr. Mahamudu Bawumia, unveiled a highly ambitious plan that hinges on the country’s untapped gold reserves, claimed to be worth over $10 trillion, to alleviate its debt woes. This optimistic projection faces considerable skepticism, as the viability of such a vast valuation and the proposed economic benefits remain unproven.

You need an active subscription to continue reading this article.

Recent Business

Image of oil refinery at night across the sea. Photo @Unsplash
Ghana and Nigeria drive West Africa’s oil future amid rising risk
Read More »
Maize prices surge in Africa. Photo by Marek Studzinski @ Unsplash
Africa’s maize markets split between hunger and surplus amid price turmoil
Read More »
Used disposable drain batteries of various size. Photo by Roberto Sorin @ Unsplash
Atlantic Lithium strikes big in Côte d’Ivoire’s battery boom
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya faces political uncertainty after Raila Odinga’s death
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s opposition weakens as governors, lawmakers flock to ruling party
Read More »
Meknes, Morocco Photo @ Unsplash
Morocco’s Gen Z protests reignite nationwide for reform
Read More »

Latest Posts

Latest news insights