GoldBod only charged BoG approved assay fees – Sammy Gyamfi

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has clarified that the assay fees charged by the institution were not newly created by him or GoldBod, but were approved charges forming part of the board’s operations. These fees are subject to parliamentary approval and are applicable to gold-buying transactions, rather than being charges imposed specifically on the Bank of Ghana (BoG).

Mr Gyamfi explained that GoldBod’s role involves assaying and determining the quality and value of gold presented for purchase, for which the approved assay charge is applicable. He emphasized that the fee was not an arbitrary charge introduced by the current management of GoldBod, but rather a charge approved by Parliament and applicable to entities using the board’s services.

These remarks come amid discussions about the operations and charges associated with GoldBod’s gold-buying activities since its establishment under the current administration.

Brief written by urgent.news from Joy Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.