Talk, Talk Party – University of Ghana Professor takes on NPP and Oppong Nkrumah

Professor Kobby Mensah, an Associate Professor at the University of Ghana Business School and Chief Executive Officer of the Ghana Tourism Development Company Limited, has strongly criticised the Minority in Parliament over their press conference held on Monday, December 29, 2025.

The Minority, led by former Information Minister Kojo Oppong Nkrumah, accused the governing National Democratic Congress (NDC) of lacking originality and competence in managing the economy, particularly with regard to the Bank of Ghana’s Gold-for-Reserves programme.

Reacting to the claims in a post on X, Professor Mensah dismissed the Minority’s criticisms, describing them as mere talk without practical alternatives. He questioned the record of the Minority when they were in government and challenged them to point to any policies of theirs that delivered similar economic outcomes.

Responding directly to Kojo Oppong Nkrumah, he wrote:
“Which of your ‘old’ ideas reduced the pound sterling from 23 cedis to 14? The dollar from 16 cedis to 11? Or reduced fuel from 20 cedis per litre to 10.37? Talk, Talk Party.”

The Minority’s press conference centred on what they claim is a $214 million loss to the state under the Gold-for-Reserves programme being run by the Bank of Ghana. They are demanding a bipartisan parliamentary inquiry to investigate the alleged losses and put measures in place to prevent a repeat.

Addressing journalists, Kojo Oppong Nkrumah argued that the government has failed to introduce fresh economic ideas and is instead rebranding policies inherited from the previous administration.

“The truth about this government is that they have not introduced any superior economic ideas. All they have been doing is rebranding, renaming old things and sometimes even hiding the details until we, the Minority, bring them to the public’s attention,” he said.

He also questioned what economic innovations the government would rely on after the International Monetary Fund (IMF) programme ends in mid-2026.

“So, when the IMF is no longer here by the middle of 2026 and they are finished rebranding the ideas they inherited, which new ideas would they be introducing?” he asked.

Beyond calling for an inquiry, the Minority wants Parliament to set up an ad-hoc investigative committee to thoroughly examine the Gold-for-Reserves transaction. They are demanding full disclosure from the Bank of Ghana and the Ghana Gold Board on fees, pricing formulas, selection of aggregators and all foreign exchange arrangements linked to the programme.

They are also raising environmental concerns, calling for stricter traceability measures and the suspension of mining activities in forest reserves.

“At present, we have every reason to believe that state money is being misused,” Kojo Oppong Nkrumah stated.

The Minority further insists that both the Governor of the Bank of Ghana and the Chief Executive Officer of the Ghana Gold Board should appear before the proposed committee to answer questions on the transaction…CONTINUE MORE READING>>>

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