Ghana Nsem
The Ministry of Lands and Natural Resources has rejected reports claiming that Minister Emmanuel Armah-Kofi Buah has resigned from the Ghana Gold Board (GoldBod). The Ministry says he remains connected to the board, explaining that he appointed Chief Director Marcus Haligah to represent him because of his demanding official schedule.
FeaturedThe IEA has disputed claims that GoldBod itself suffered a US$1.7 billion loss through the Domestic Gold Purchase Programme. Prof. Alexander Bilson Darku says the reported loss was recorded on the Bank of Ghana’s books, with foreign-exchange valuation accounting for a significant portion of the amount.
A new GoldBod directive requiring certain gold aggregators to refine gold before exporting it has taken effect. The policy is intended to promote local processing and ensure Ghana captures more value from its gold resources.
Ghana will require certain artisanal gold doré to be refined locally before export from September 1, 2026, under a new GoldBod directive. The policy is aimed at increasing domestic value addition, while non-compliant aggregators could face regulatory sanctions.
FeaturedSome licensed GoldBod buyers have reportedly gone up to three weeks without receiving expected funds, with some halting purchases or borrowing to remain operational. GoldBod has denied facing a funding shortfall and insists that its financing arrangements remain active.
FeaturedSenyo Hosi has denied claims that he secured a contract from GoldBod to provide a platform for the organisation. His denial comes amid growing controversy over GoldBod’s operations and the reported losses linked to the Domestic Gold Purchase Program.