Speaking on ABC Midday News on Thursday, a Security analyst, Richard Kumador raised serious concerns over the politicization of Ghana’s gold resources, particularly the controversial “gold for oil” program.
He alleged that the transaction lacks transparency and accused both major political parties, the New Patriotic Party (NPP) and the National Democratic Congress (NDC), of engaging in fraudulent activities.
“The gold for oil transaction has been questioned because it is done in an opaque manner. People do not really understand it,” he said, emphasizing that such opacity undermines public trust.
The speaker went on to criticize the broader politicization of gold resources, stating, “We are dealing with NPP, NDC—fraudulent activities all over the place, criminals in the name of politics. They have invaded everywhere.”
Addressing the issue of misinformation surrounding allegations of smuggled gold, he warned of the damage such claims cause to individuals and businesses. “Misinformation and disinformation have destroyed many brands, businesses, and individuals. Law enforcement, the police, must ensure those who spread disinformation are punished,” he asserted.
The comments follow a recent incident involving the Precious Minerals Marketing Company (PMMC) at the National Assay Centre in Accra. A mob led by NDC National Organiser Joseph Yammin disrupted operations, alleging that bullion bars processed for the Bank of Ghana were being smuggled. PMMC has categorically denied the claims, describing them as baseless and damaging to Ghana’s international reputation.
“The police must be a little stiff. If you spread false information, there should be vindicating actions against you,” the speaker concluded, calling for greater accountability in the public discourse around Ghana’s gold resources.
The PMMC has urged political actors to prioritize Ghana’s reputation over partisan interests, warning that continued disruptions could have far-reaching consequences for the country’s standing in the global bullion market.
