Ghana Gold Reform: How Accra is Turning Smuggling Into a $20 Billion Win | Firstpost Africa | N18G
Ghana, Africa's leading gold producer, is launching a plan to reclaim billions lost to gold smuggling, with significant reforms to enhance state control. Between 2019 and 2023, over 229 metric tons of gold, worth $11.4 billion, was reportedly smuggled, primarily to the UAE through neighbouring countries. Introducing a state-backed entity called GoldBod, Ghana aims to purchase 2.45 tons weekly from small-scale miners, redirecting 127 metric tons annually to official channels. This initiative seeks to discourage smuggling, stabilize foreign exchange reserves, and boost economic growth by enhancing gold export controls.---
Ghana Gold Smuggling Crackdown | Ghana Gold Reform Plan | GoldBod Ghana | Ghana Gold Export | Ghana UAE Gold Trade | Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
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