NPP communicator Dennis Miracles Aboagye has argued that some of the economic gains being highlighted by the governing National Democratic Congress (NDC) are linked to the Domestic Gold Purchase Programme associated with former Vice President Mahamudu Bawumia.
Speaking on Starr FM on August 25, 2026, Aboagye claimed that the NDC government, which previously criticised aspects of the policy while in opposition, is now benefiting from the initiative.
He described the continued use of the gold purchase programme as evidence that Bawumia’s economic ideas were ahead of their time and said the development should strengthen the former vice president’s case as an economic leader.
The Domestic Gold Purchase Programme was launched by the Bank of Ghana in June 2021 to increase the country’s gold reserves, diversify its reserves and support foreign-exchange stability.
Bawumia publicly backed the initiative at the time and later promoted its role in Ghana’s economic management.
The programme subsequently became a major part of Ghana’s efforts to use locally produced gold to strengthen its reserves. By August 2024, the Bank of Ghana said it had accumulated more than US$5 billion worth of gold under the programme since its inception.
Aboagye also claimed that economic measures introduced under Bawumia from 2022 helped bring inflation down from above 50% to about 23% by late 2024. That claim requires careful sourcing because the figures and the extent to which individual policies contributed to the change are not established by his statement alone.
His comments come amid a broader political debate over the ownership and performance of Ghana’s gold-based economic policies.
In Sunday, August 9, 2026, GoldBod CEO Sammy Gyamfi credited Bawumia and his team with conceiving the Domestic Gold Purchase Programme but criticised aspects of its implementation under the previous administration.
The political argument, therefore, is not simply about who introduced the policy but also about how effectively it has been implemented and what results it has produced.
Aboagye’s remarks remain a political assessment of the NDC’s economic record and Bawumia’s contribution to Ghana’s gold policy. The underlying programme itself, however, is a documented Bank of Ghana initiative that has continued to play a role in Ghana’s reserve-management strategy.
