Hon. Francis Owusu-Akyaw, MP for Juaben Constituency, has intensified scrutiny on GoldBod’s dealings, questioning the legitimacy of a GHS27.5 million agreement with the Ghana Geological Survey Authority (GGSA) for geological investigations in three areas. The MP’s concerns have sparked a heated debate, with calls for transparency and accountability in managing Ghana’s mineral resources.
In a detailed statement, Owusu-Akyaw cited the Ghana Gold Board Act, 2025 (Act 1140) and the Minerals and Mining Act, 2006 (Act 703), arguing that GoldBod’s actions may be ultra vires (beyond its powers).
He raised three critical questions, seeking clarity on the agreement’s legitimacy and the management of Ghana’s mineral resources.
Firstly, Owusu-Akyaw questioned whether the Minister for Mines was involved in or consulted on the agreement, as required by Section 3(1)(e) of Act 1140. He emphasised that GoldBod must act “in collaboration with the ministry responsible for mines”, implying that the minister’s involvement is mandatory.
Secondly, the MP queried the authority used by the Minerals Commission to release 20 mineral areas to GoldBod, asking if GoldBod holds a valid mineral right. He noted that GoldBod’s mandate is gold trading and marketing, not managing mineral concessions.
Thirdly, Owusu-Akyaw sought information on the source of the GHS27.5 million, asking if ministerial consent was obtained if it’s a borrowing facility. He emphasised the need for transparency in managing public funds.
Owusu-Akyaw assured he’s not making accusations but seeking clarity on the legality of GoldBod’s actions. He wants answers to ensure Ghana’s mineral resources are managed lawfully and transparently.
The statement has sparked intense debate, with some calling for a thorough investigation into GoldBod’s dealings. The outcome is eagerly awaited, as it may impact Ghana’s mining sector and governance.
Some have praised Owusu-Akyaw for his diligence, saying he’s championing accountability and transparency. Others have questioned his motives, accusing him of politicising the issue.
The Minister for Mines and GoldBod’s CEO are expected to respond to Owusu-Akyaw’s concerns, providing clarity on the agreement and GoldBod’s mandate. The situation remains fluid, with stakeholders eagerly awaiting developments.
By: Rainbowradioonline.com/Ghana
