We hold state monopoly over gold trade and export – PMMC

….but Minority Leader raises concern

The Minority Leader in Parlia­ment, Alexander Afenyo-Mar­kin, says there should have been further stakeholder engagement on the Gold Board Bill before bring­ing it to Parliament for approval. According to him, the bill gives excessive control over gold trade in the country to the government, creating a monopoly- something that will discourage private investment and competition. “One, the policy gives the Gold Board excessive control over gold tr…

Ghana Gold Board Chief Denies Conflict-of-Interest in Operations

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghana-gold-board-chief-denies-conflict-of-interest-in-operations/Sammy Gyamfi, acting CEO of Ghana’s Precious Mineral Marketing Company (PMMC), has dismissed claims of a conflict of interest in the Ghana Gold Board’s (GoldBod) dual role as a commercial entity and regulator. The rebuttal follows criticism from former Finance Minister Dr. Mohammed Amin Adam…

Sammy Gyamfi Clears Misconceptions on GoldBod Bill

Sammy Gyamfi, Acting Managing Director of the Precious Minerals Marketing Company (PMMC) has refuted claims that the legislative process was rushed and lacked adequate consultation.  Sammy Gyamfi clarified that the process of drafting and passing the GoldBod Bill was neither rushed nor done in secrecy. He explained that after his appointment on January 16, 2025, he immediately engaged key stakeholders, including the Ghana National Association of…

Bank of Ghana will be represented on the board of GoldBod – Asiama

Governor of the Bank of Ghana (BoG) Dr Johnson Asiama has announced that the central bank will be represented on the board of the Gold Board. He says that the BoG will definitely be part of the Goldbod initiative introduced by the Mahama administration. Answering questions during the 123rd Monetary Policy Committee (MPC) press conference in Accra on Friday March 28, he said “You heard about the gold for oil programme , the Ministry of Energy is …

Ghana eyes gold trading regulator to boost foreign exchange earnings

Ghana's parliament passed a bill on Saturday to set up a new regulatory body for gold trade as part of efforts to boost foreign exchange earnings. Key provisions of the Gol...

We hold state monopoly over gold trade and export – PMMC

Acting MD of the Precious Minerals Marketing Company, Sammy Gyamfi, The Acting Managing Director of the Precious Minerals Marketing Company, Sammy Gyamfi, has dismissed claims that the structure of the newly established Ghana Gold Board (GoldBod) could lead to conflicts of interest. In a social media post on X, Sammy Gyamfi clarified that GoldBod is […] The post We hold state monopoly over gold trade and export – PMMC appeared first on Ghanamma.…