Finance Minister Dr. Cassiel Ato Forson has stated that the government has allocated a Cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD) to be able to purchase and export at least 3 tonnes of gold per week from small scale miners.
He disclosed this while presenting the 2025 budget statement on Tuesday, March 11, 2025.
Dr. Forson said the government is establishing the Ghana Gold Board (GOLDBOD) with a primary objective to support foreign exchange inflows and gold reserve accumulation for the benefit of our dear country.
To achieve this, the GOLDBOD shall regulate, oversee, monitor, and undertake the purchasing, assaying, refining, exporting, selling, and other related activities concerning the gold resources of Ghana, he explained.
The Ghana Gold Board will be mandated to regulate and streamline the sector.
It will act as the sole buyer of gold from the legal small-scale mining sector through licensed aggregators and local traders.
The GoldBod will also have exclusive legal rights as the sole assayer, seller, and exporter of gold purchased from small-scale miners.”
By: Rainbowradioonline.com/Ghana
