GoldBod now responsible for buying and selling gold in Ghana — Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says the institution now has full responsibility for the buying and selling of gold in Ghana as part of a new framework for managing the country’s gold trade.
Sammy Gyamfi, the Chief Executive Officer of the Ghana Gold Board (GoldBod), disclosed on Sunday that the institution is now solely responsible for the buying and selling of gold in Ghana. This marks a significant shift in the country's gold trade management framework. According to Gyamfi, GoldBod's duties extend beyond purchasing gold for the Bank of Ghana (BoG); it now directly oversees the domestic gold trade and utilizes the foreign exchange generated from these transactions to benefit the central bank.
This new arrangement comes after the termination of the Domestic Gold Purchase Programme under the previous administration. Gyamfi emphasized that GoldBod can no longer be considered merely an agent of the BoG under this former program, as it now has its mandate for gold-buying and selling activities.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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