The losses were necessary – Manteaw defends GoldBod’s costly push to win Ghana’s gold market

Co-Chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), Dr Emmanuel Steve Asare Manteaw, has defended the financial losses incurred by the Ghana Gold Board (GoldBod), describing them as necessary costs in its bid to take control of the country’s gold market.7 billion from gold transactions but said the circumstances under which GoldBod entered the market must be considered.“And so you find that there is a certain uncovered cost in the transactions, but it was necessary for them to win the Ghanaian miners and to get them to sell to Gold Board,” he said.