Ghana’s main opposition will stop gold fund if it wins vote

Ghana’s main opposition candidate John Dramani Mahama has vowed to reverse the establishment of a gold royalty fund if he wins power in the country’s December vote. A plan to raise $500-million through an initial public offering of the fund next month “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.”