Large-scale miners commit 30% of gold output to BoG, GoldBod under GANRAP
Government has reached an agreement with Ghana’s large-scale mining companies to implement a key component of the Ghana Accelerated National Reserve Accumulation Programme (GANRAP), requiring 30% of their gold output to be sold to the Bank of Ghana (BoG) and the Ghana Gold Board for local processing and refining.
Government and Ghana's large-scale mining companies have reached an agreement to implement a key component of the Ghana Accelerated National Reserve Accumulation Programme (GANRAP). The agreement requires these companies to sell 30% of their gold output to the Bank of Ghana (BoG) and the Ghana Gold Board for local processing and refining.
The Memorandum of Understanding (MoU) was signed by the Ministry of Finance, Ministry of Lands and Natural Resources, Bank of Ghana, Ghana Gold Board, and the Ghana Chamber of Mines. The agreement marks a significant step towards strengthening Ghana's reserve position and promoting macroeconomic stability.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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