The Ghana Gold Board (GoldBod) has reached an agreement with nine (9) Large Scale Mining Companies to buy 20% of their gold output locally for the country.
The landmark agreement was reached after series of negotiations between the management of GoldBod and representatives of mining companies who are not part of the Bank of Ghana Domestic Gold Purchase Program.
The companies are namely; Golden Team Mining Company Limited, Akroma Gold Limited, Adamus Resources Limited, Cardinal Namdini Mining Limited, Goldstone Akrokeri Limited, Earl International Group (GH) Limited, Xtra Gold Mining Limited, Prestea Sankofa Gold Limited and Gan He Mining Resource Development Limited.
Under the Agreement, the mining companies will deliver 20% of any gold they seek to export out of the country to the GoldBod in the form of doré bars at a designated collection point, which shall be the Assay Laboratory of the GoldBod at the Kotoka International Airport.
