BoG Funding Operations of GoldBod- Minority

The Minority in Parliament has alleged that the activities of the Ghana Gold Board (Goldbod) are funded by the country’s central Bank.

During a press briefing, the Minority said the government had failed to provide the needed funding.

“The Bank of Ghana has been paying upfront and incurring unnecessary costs because GoldBod has failed to raise the required resources for its operations.”

It also accused the Board of failing to pay a competitive price for the gold it purchases from small-scale miners.

“The result is that over the last two weeks, small-scale miners expressed their frustration. They are highly displeased with the prices paid to them by the GoldBod, even when global gold prices are at a record high. They are facing hardships.”

According to the Minority, the 2025 Mid-Year Budget Review speech raises questions about the credibility of the Finance Minister, Cassiel Ato Forson.

According to them, drivers, Small-Scale Miners, contractors, nurses and other public sector workers have lost trust in the government.

Source: https://opemsuo.com/author/hajara-fuseini/