Ghana news briefing
Gold-buying companies under NPP operated without contracts – Sammy Gyamfi
He maintained that the reforms would help address weaknesses in the previous gold-buying arrangement and ensure that Ghana derives greater value from its mineral resources.
Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has criticised the gold-buying regime under the previous New Patriotic Party (NPP) administration, claiming that some companies involved in purchasing gold operated without formal contracts with the state.
Speaking during a discussion on X Spaces on Sunday, August 9, Mr Gyamfi said the situation made it difficult for the state to effectively monitor transactions and properly account for the value of gold being purchased.
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