Mahama’s Gold Body Will Lose Big, Says Bawumia—And This Is Just the Start

A fresh political storm has erupted over Ghana’s gold policy, with Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), warning that the government’s new gold body is heading for trouble. The body, led by Sammy Gyamfi, has been accused of abandoning the NPP’s original Gold for Reserve Programme plan, and Bawumia says that decision will cost the country dearly.

According to the post, the Goldbod will “suffer more losses for deviating from the NPP Gold for Reserve Program plan.” Bawumia’s message is blunt and direct: this is only the beginning, and Ghanaians should watch what happens next. He is essentially saying that the current approach is the wrong one and that the consequences will be felt by the nation’s economy.

The warning is significant because gold has become a major pillar of Ghana’s efforts to stabilize the economy and protect the value of the cedi. The NPP’s original programme was designed to buy gold locally and use it to build up the country’s reserves, reducing dependence on foreign currency. Bawumia’s point is that abandoning that blueprint puts the entire strategy at risk.

The post also puts Sammy Gyamfi, who heads the new gold body, squarely in the spotlight. By naming him directly, Bawumia is making it clear that he holds the leadership of Goldbod responsible for what he sees as a wrong turn. It is a sharp political jab, and it signals that gold policy will be a major battleground in the coming months.

For ordinary Ghanaians, the message is simple: the way the country manages its gold matters, and according to Bawumia, the current path is a losing one. Whether his warning proves true or not, one thing is clear: this is not just about gold—it is about who gets to control Ghana’s economic future, and the fight is only getting started.