A bid by the Minority in Parliament to initiate a probe into the alleged sale of gold reserves at the Bank of Ghana has stalled after Speaker Alban Bagbin ruled the motion inadmissible.

The Private Member’s motion, spearheaded by Abena Osei-Asare and backed by other Minority MPs, sought the establishment of an ad hoc parliamentary committee to investigate concerns surrounding the management of the country’s gold reserves.

In a memorandum dated Tuesday, April 7, the Clerk to Parliament formally communicated the decision to the sponsoring MPs, including Patrick Yaw Boamah and Isaac Boamah-Nyarko.

“I write to notify you that the Rt. Hon. Speaker has declined the motion,” the statement said.

Originally filed on February 9, 2026, the motion aimed to examine what the Minority described as worrying developments linked to the Bank of Ghana’s Gold-for-Reserves programme.

The move follows earlier concerns raised in December, when the Minority called for a bipartisan inquiry into a reported $214 million loss associated with the initiative. They argued at the time that the issue raised serious concerns about accountability, transparency, and environmental governance.

With the Speaker’s decision blocking the motion, the Minority’s next course of action remains uncertain as they continue to demand clarity on the handling of the country’s gold reserves. See memo below: