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Ghana's 30% Gold Mandate Takes Effect

4 entriesFri, Aug 14Fri, Aug 21Policy & Regulation

Timeline

  1. Fri, Aug 21LatestUnverified — not yet reviewed

    Two Nationwide Blackouts in One Month Raise Alarm Over Ghana's Grid Stability

    Ghana has experienced two nationwide electricity blackouts within a single month, prompting a parliamentary Energy Committee member to describe the pattern as a cause for serious concern. The committee has still not received the official report on the July 29 outage, and the Energy Ministry has said a temporary power control room will not be ready until September.

  2. Tue, Aug 18Unverified — not yet reviewed

    Ghana Deputy AG Warns Hasty AKSA Contract Cancellation Risks Judgment Debt

    Ghana's Deputy Attorney General has warned that rushing to cancel the AKSA power contract could expose the country to a judgment debt, adding a formal legal risk dimension to the public controversy surrounding the deal. The warning follows media scrutiny of the AKSA energy arrangement that began on August 15.

  3. Sat, Aug 15Unverified — not yet reviewed

    Newsfile to Scrutinise AKSA Energy Deal and GoldBod Losses in Ghana

    A Ghanaian media discussion programme is set to examine the AKSA energy deal and losses at GoldBod, the state gold marketing entity, adding public accountability scrutiny to Ghana's resource governance landscape. The coverage extends the resource-sector accountability story first raised by Ghana's GANRAP gold mandate reported on August 14.

  4. Fri, Aug 14Unverified — not yet reviewed

    Ghana Mandates 30% Gold Output to Central Bank Under GANRAP

    Ghana has formally begun requiring large-scale miners to commit 30 percent of their gold output to the Bank of Ghana and GoldBod under the GANRAP framework, in a resource-nationalism move with significant implications for gold sector investors. Ghana's Lands Minister has signalled flexibility in the rollout, while the Chamber of Mines is advocating for an incentive-based implementation model.