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

john-middelkoop-j67BWwvS9h8-unsplash
Namibia positions itself as a green hydrogen contender despite export hurdles
Read More »
jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights