Africa in BusinessAfrica in Business

Foreign gold trades in Ghana are banned  from the Gold trading market

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As of the first of May, Ghana Gold Board (GoldBod) will have exclusive authority to regulate and control the country's artisanal and small-scale gold mining. This follows an order barring foreigners from trading in gold, as the West African country looks to streamline gold purchases from small-scale miners, increasing earnings and reducing smuggling. In a statement,  GoldBod spokesperson Prince Kwame Minkah says foreign traders may apply to the GoldBod to buy or off-take gold directly from the state body. Thami Ngubeni spoke to GoldBod spokesperson Prince Kwame Minkah

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