Accra, Ghana – Ghana has emerged as one of the most active African central banks in the global gold accumulation surge, joining a broader shift by emerging market nations seeking to diversify reserves and shield economies from currency volatility and geopolitical risks.

According to the latest data, central banks worldwide purchased 27 tonnes of gold in February 2026, valued at approximately $2 billion.

While the bulk of demand continues to come from major players such as China, Poland, Kazakhstan, and Turkey, African central banks are gradually increasing their participation. Ghana stood out last year for aggressively boosting its gold reserves to support the cedi and strengthen its balance sheet amid economic challenges.

The move reflects a deliberate strategy to reduce reliance on traditional foreign currencies and build a more resilient reserve base.

Other African nations are also showing strategic interest. Uganda has launched a domestic gold purchasing programme targeting at least 100 kilograms over four months, while Kenya — despite holding just 0.02 tonnes — has signalled plans for gradual accumulation. Zimbabwe continues experimenting with gold-backed instruments, and the Democratic Republic of Congo aims to formalize 15 tonnes of artisanal gold production in 2026.

These efforts, though still modest compared to global leaders, signal a growing continental recognition of gold’s role as a hedge in uncertain times.

Analysts say this African participation, led by Ghana, aligns with a wider global trend where central banks are treating gold as a strategic asset rather than a relic of the past.

For Ghana, continued accumulation could further stabilise the cedi, enhance macroeconomic credibility, and support the country’s ambition to capture more value from its rich gold resources through strategic reserve management.

ACCRA – Ghana’s Catholic Bishops have issued a forceful pastoral statement urging citizens and leaders alike to treat the ongoing LGBTQ+ debate with the seriousness it deserves.

In the statement, the Bishops warned against dismissing the issue as a minor national concern.

Released on April 10, 2026, the statement from the Ghana Catholic Bishops’ Conference (GCBC) directly responds to recent remarks by President John Dramani Mahama and Government Communications Minister Felix Kwakye Ofosu, who, in separate public statements, suggested the matter is not a major national priority.

“No question that touches the structure of human identity, family life, and social continuity can be trivial,” the bishops declared.

Values as the Invisible Architecture of Nations

While acknowledging Ghana’s pressing economic challenges, the Conference rejected any attempt to separate moral questions from national development.

“Nations do not live by bread alone,” the statement reads. “They are sustained also by the invisible architecture of values.”

The bishops called for a balanced approach to the controversial Human Sexual Rights and Family Values Bill, urging that it uphold both human dignity and the institution of the family.

Clear Condemnation of Discrimination

In a significant passage, the GCBC firmly condemned all forms of discrimination against individuals regardless of sexual orientation.

“No individual, regardless of sexual orientation or identity, may be subjected to violence, hatred, or unjust discrimination,” the bishops stated.

However, they simultaneously reaffirmed their position on traditional family values, describing the family as a nation’s most efficient social welfare system.

“To affirm dignity does not require the redefinition of marriage,” the bishops added. “To defend marriage does not require hostility.”

Reminder to President Mahama

The Conference reminded President Mahama of his earlier commitment to assent to the bill if duly passed by Parliament.

“Democratic integrity rests… on the fidelity of leaders to their publicly stated commitments,” the bishops noted.

They concluded with a call for calm and respectful engagement across all sectors of society, warning that words can either build a republic of trust or fracture it into suspicion.

The GCBC reaffirmed its commitment to contributing to a national conversation grounded in respect, moral clarity, and the common good.

Accra, Ghana – The European Commission has approved a €20 million (a little over $23 million) grant to support the implementation of the European Train Control System (ETCS Level 1) on Ghana’s Tema-Mpakadan railway line, in a major boost to the country’s efforts to modernise its rail infrastructure and improve operational efficiency.

The 97-kilometre standard-gauge railway, commissioned in 2024 for US$449 million, has been operating significantly below capacity due to a non-functional signalling system.

This currently restricts operations to a single train movement at a time, limiting both passenger and freight services despite rising demand. Dr Frederick Appoh, Chief Executive Officer of the Ghana Railway Development Authority (GRDA), confirmed the grant approval following engagements at the recent EU-Africa Business Forum in Abidjan.

The funding follows the submission of an Aide Mémoire on sustainable transport four months ago. The project’s identification phase has now been completed, with formal approval granted in Brussels on March 27, 2026.

Implementation will proceed through several key stages, including a Quality Review Committee assessment in May 2026, validation by the NDICI Committee of EU Member States in September, and an expected EU Financing Decision in October, with first disbursements targeted for December 2026.

Once completed, the ETCS Level 1 system will enable safe multiple train operations through advanced supervision and movement authority. Dr Appoh said the upgrade will significantly improve capacity, reliability, safety, and overall utilisation of the line as a strategic national asset.

The project aligns with President John Dramani Mahama’s vision to revitalise the Volta Corridor and position Ghana’s railway sector as a key driver of economic growth and regional connectivity.