The Managing Director of the Precious Minerals Marketing Company (PMMC), Mr Sammy Gyamfi, has warned gold smugglers to cease their operations or face the full rigours of the law.
He said, government through the establishment of the Gold Board (GOLDBOD), would streamline gold exports and check illicit trade, adding that, any person who smuggled gold, commits an offence and liable to a minimum prison term of 10 years and a maximum of 20 years.
Mr Gyamfi gave the warning at a stakeholders' engagement held at Tarkwa in the Western Region, on Friday, on the to-be-established (GOLDBOD), aimed at streamlining the gold trading sector in Ghana.
The event, which brought together gold buyers, small-scale miners, commercial mining companies and chiefs, was to address misinformation and misconceptions, clarify the objectives and benefits of the GOLDBOD, solicit inputs, gather feedback and suggestions from stakeholders on the GOLDBOD Bill.
