The Ghana Gold Board Bill has been passed by Parliament and is now awaiting presidential assent from President John Dramani Mahama. This marks a step towards regulating Ghana’s gold industry.
The bill’s passage is attributed to the efforts of Sammy Gyamfi and Cassiel Ato Forson, who played roles in instituting the framework of the gold board.
Once assented to by the President, the Ghana Gold Board will be established to oversee the purchase, sale, and export of gold, generating revenue to help stabilize the cedi. The board will regulate the gold sector, providing services for industry players.
The Minority in Parliament opposed the bill, citing concerns that it may encourage mining. The Majority Leader, Mahama Ayariga, hailed the bill. The government says the Ghana Gold Board will help formalize the sector and curb mining.
Ruth Abla ADJORLOLO
