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.

Recent Business

The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
DR Congo eyes $1.5bn Eurobond return as IMF backing tests investor confidence
Read More »
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Morocco sees 4.2% growth in early 2026 as agriculture, services offset export headwinds
Read More »
A bustling marketplace in Benin. Photo by Greg Keelen @ Unsplash
Benin tests global appetite for Islamic bond in frontier-market return
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights