{
  "id": 1879540,
  "title": "GoldBod had to ‘pay more’ to beat Indians, Chinese in Ghana’s gold market – Manteaw",
  "url": "https://urgent.news/2026/08/19/goldbod-had-to-pay-more-to-beat-indians-chinese-in-ghanas-gold-market-1879540",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T05:55:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/goldbod-had-to-pay-more-to-beat-indians-chinese-in-ghanas-gold-market-manteaw/"
  },
  "original_language": "en",
  "account": "Dr. Emmanuel Steve Asare Manteaw, Co-Chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), has explained why the Ghana Gold Board (GoldBod) was forced to pay higher prices to win over Ghanaian miners in the competitive gold market. This decision resulted in financial losses for GoldBod, as they had to acquire gold at market price while foreign buyers, particularly the Indians and Chinese, purchased at a discount. These foreign entities were also providing resources and equipment to miners in exchange for gold. GoldBod, lacking additional support for miners, had to compete primarily on price, a costly endeavor. Despite the uncovered costs, Dr. Manteaw believes the losses must be viewed within the context of the strategic challenge GoldBod faced when tasked with regulating the gold trade in Ghana.",
  "summary": "Co-Chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), Dr Emmanuel Steve Asare Manteaw, says the financial losses recorded by the Ghana Gold Board (GoldBod) must be viewed within the context of the highly competitive gold market it entered.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Don’t credit GoldBod for Ghana’s macroeconomic stability – Bokpin",
        "url": "https://urgent.news/2026/08/19/dont-credit-goldbod-for-ghanas-macroeconomic-stability-bokpin",
        "published": "2026-08-19T04:32:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}