The Ghana Gold Board (GoldBod) has introduced a special (temporary) bonus of GHS832 per pound of gold, for all licensed Miners across the country. The move according to GoldBod is to motivate licensed miners and fight gold smuggling.
In a statement Media Relations Officer for GoldBod Prince Kwame Minka disclosed “as a result of this initiative, a pound of gold which should have sold in the local market for GHS8,868, is today selling at a price GHS9,700.”
The statement further explained the move is also to address complaints of low prices of gold on the local market as a result of the strengthened cedi.
“This novelty is in response to legitimate complaints from licensed miners about the significant reduction in the local price of gold in the last few months due to the continuous appreciation of the Ghana cedi.”
According to Prince Minka, the special bonus will ensure that licensed miners who have contributed immensely to the country’s increased gold output and foreign exchange earnings, do not indirectly suffer as a result of the significant appreciation of the Ghana cedi, that they have helped the country achieve.
He concluded by directing traders to ensure payments of the bonuses to licensed gold miners in the country.
“The GoldBod has adequately resourced and directed its licensed traders across the country to ensure the prompt payment of this special bonus to all licensed miners who sell their gold to the GoldBod.”
