Ghana Gold Board denies funding illegal mining amid political scrutiny
A recent statement by Alexander Afenyo-Markin, Ghana’s Minority Leader, has sparked discussions about the Ghana Gold Board’s role in the country’s gold sector. The board has strongly responded, dismissing claims that it finances illegal mining through a government scheme as 'unfortunate and inaccurate'.
The Ghana Gold Board clarified that it does not oversee or fund illegal mining activities. Instead, its small-scale gold purchasing program strictly adheres to legal channels, ensuring every gram of gold undergoes documentary, physical, and compliance checks. The board also emphasized that Ghana’s laws clearly distinguish licensed small-scale mining from illegal operations.
The Ghana Gold Board continues to distance itself from illegal mining, reaffirming its commitment to promoting a lawful and transparent gold trade. With stricter checks, blockchain technology, and support for anti-illicit mining initiatives, the board aims to enhance accountability in Ghana’s gold industry by 2026.
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