The Chief Executive Officer of Dalex Finance, Joe Jackson, has backed calls by the Governor of the Bank of Ghana (BoG) for a shared approach to funding the Gold-for-Reserves programme.

During a Public Accounts Committee session on Monday, BoG Governor Dr. Johnson Asiama revealed that the programme is currently under audit and stated that the Central Bank alone can no longer bear its costs. The Bank plans to seek reimbursement from the Finance Ministry for expenses incurred under the initiative since its inception.

Speaking in an interview on TV3’s Ghana Tonight on Monday, January 12, 2025, Joe Jackson said the programme should be reviewed to ensure transparency, efficiency, and accountability.

“Why should we stop gold purchases when they have helped keep the dollar stable, or relatively lower than in previous years? I just think this is a good thing. Let’s continue it, let’s fix it, make it accountable and transparent, make it as efficient as possible—and let’s share the cost together,” he told host Alfred Ocansey.

Jackson stressed that if the Gold-for-Reserves programme benefits the economy but comes at a cost, it makes sense for the country to shoulder it collectively.

“As a country, we want the cedi to be stable. If there is a developmental cost to managing our own economy or taking a bigger share of the value of the gold we export, then by all means, let’s do it. If it helps increase our reserves, we should pursue it,” he added.