General News of Wednesday, 2 April 2025
Source: www.ghanawebbers.com
Parliament approved the Ghana Gold Board Bill 2025 on Friday. This bill creates the Gold Board to regulate the gold sector. It aims to improve transparency and increase foreign exchange earnings.
The Gold Board will manage gold acquisition, sale, and export. It will ensure more gold revenue stays in the country.
The bill also encourages foreign investment in small-scale mining. It seeks to reduce losses of gold revenue to overseas markets.
The minority opposed the bill, fearing it could promote illegal mining. However, the majority voted in favor and passed it anyway.