Ghana’s Main Opposition Will Stop Gold Fund If It Wins Vote
- Country seeks to raise $500 million through IPO in September
- Ex-President Mahama is challenging incumbent in December polls
Photographer: Carla Gottgens/Bloomberg
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Ghana’s former President John Dramani Mahama has vowed to reverse the establishment of a gold royalty fund if he wins back power in the country’s December vote.
A plan to raise $500 million next month through an initial public offering of the fund “is a very shady deal and I’m saying, if I become president, I will not respect that agreement,” Mahama, the presidential candidate for the National Democratic Congress, said in a broadcast on his Facebook page. “It is a theft of Ghanaians’ royalties made to benefit just a few people.”