GoldBod has plugged gold smuggling leak and crowded in FX – Bokpin

“If you look at the total gold exports from artisanal small-scale miners, which is more than $10 billion, and you want to do the analysis in terms of the fiscal losses, which could have gone to our revenue envelope, probably to fund roads, schools, and infrastructure, we have to give up that one also.”Economist Professor Godfred Alufar Bokpin says the GoldBod initiative has significantly reduced gold smuggling and helped Ghana retain more foreign exchange from the artisanal and small-scale mining sector.“Government itself, together with the Gold Board and the Bank of Ghana, recognize that these losses are not sustainable going forward.”