{"id":267544,"date":"2024-12-18T16:41:57","date_gmt":"2024-12-18T16:41:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/18\/police-seize-gold-bars-at-kotoka-airport\/"},"modified":"2024-12-18T16:41:57","modified_gmt":"2024-12-18T16:41:57","slug":"police-seize-gold-bars-at-kotoka-airport","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/18\/police-seize-gold-bars-at-kotoka-airport\/","title":{"rendered":"Police Seize Gold Bars At Kotoka Airport"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>In a shocking turn of events, a van belonging to the Precious Minerals Marketing Company (PMMC) was intercepted by the Accra Regional Police at Kotoka International Airport.<\/p>\n<p>The van, en route to Dubai, was found to contain 17 boxes of gold bars, allegedly part of the government\u2019s Gold-for-Oil (G4O) initiative.<\/p>\n<p>Launched in December 2022, the G4O initiative aimed to bolster Ghana\u2019s foreign currency reserves by exchanging gold purchased by the central bank for oil imports.<\/p>\n<p>The program was designed to stabilize the Ghanaian cedi and curb rising living costs.<\/p>\n<p>In November 2023, Bank of Ghana Governor Dr. Ernest Addison announced that the G4O initiative had achieved its goals and was being phased out.<\/p>\n<p>However, subsequent updates suggested that the program was still ongoing as of August 2024, with a capped financial contribution from the central bank.<\/p>\n<p>This lack of transparency has raised pressing questions about the destination and purpose of the seized gold bars.<\/p>\n<p><strong>BY Daniel Bampoe<\/strong><\/p>\n<p><!-- CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 In a shocking turn of events, a van belonging to the Precious Minerals Marketing Company (PMMC) was intercepted by the Accra Regional Police at Kotoka International Airport. The van, en route to Dubai, was found to contain 17 boxes of gold bars, allegedly part of the government\u2019s Gold-for-Oil (G4O) initiative. Launched in December 2022, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-267544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Police Seize Gold Bars At Kotoka Airport - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/12\/18\/police-seize-gold-bars-at-kotoka-airport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Police Seize Gold Bars At Kotoka Airport - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 In a shocking turn of events, a van belonging to the Precious Minerals Marketing Company (PMMC) was intercepted by the Accra Regional Police at Kotoka International Airport. The van, en route to Dubai, was found to contain 17 boxes of gold bars, allegedly part of the government\u2019s Gold-for-Oil (G4O) initiative. 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