The Majority in Parliament has rejected a motion to establish an ad hoc committee to investigate the Gold-for-Reserves (G4R) Scheme, including its design, implementation, governance, financial performance, environmental and public health implications, and related matters.
The motion, moved by the Minority Leader, Alexander Afenyo-Markin, and seconded by the Member of Parliament for Atiwa East, Abena Osei Asare, was grounded in Article 103 of the 1992 Constitution and Orders 204, 212, 213, 262, and 263 of the Standing Orders of Parliament.
While the Minority Caucus argued in favour of the motion during debate, the Majority Caucus opposed it and ultimately rejected the proposal.
Contributing to the debate, the Member of Parliament for Amenfi West, Eric Afful, stated that the programme under scrutiny was introduced in 2022 as an initiative of the Bank of Ghana.
He argued, however, that due to mismanagement by the previous government, the scheme had failed to deliver expected results, describing it as unsuccessful and lacking visibility. He therefore called for the motion to be rejected.
