Tag: gold trade

Ghana swears in 13-member Gold Board to centralize gold trade, stabilize the cedi, and drive economic growth under President Mahama’s economic reform plan.

He noted that while the legislation behind Goldbod seems directionally sound, it is riddled with what he described as “landmines,” cautioning, “it will explode one day.”

According to Sammy Gyamfi, GoldBod will serve as the central agency responsible for the trading of gold from small-scale miners and,

The core objective of GoldBod is to eliminate smuggling, ensure full forex receipts, and create a more structured and transparent marketplace for small-scale gold miners.

“This will help eliminate exploitation by foreign buyers who have traditionally dictated unfair prices, and in the process, optimize the economic benefits..."

Hon. Jinapor raised concerns about potential duplication of roles, noting that Ghana already has well-established institutions

The Precious Minerals Marketing Company Limited (PMMC), the National Assayer mandated by law to oversee Ghana’s precious minerals trade, has expressed grave concern over a chaotic incident that unfolded at the ...