The Ghana Gold Board (GoldBod) has rolled out a special temporary bonus of GH¢832 per pound of gold to licensed miners nationwide, in a move aimed at motivating miners and discouraging gold smuggling.
With the bonus, a pound of gold that would have sold on the local market for GH¢8,868 is now fetching GH¢9,700.
GoldBod said the measure responds to growing concerns from licensed miners over declining local gold prices in recent months, largely driven by the sustained appreciation of the Ghana cedi.
“This special bonus will ensure that licensed miners, who have played a key role in boosting Ghana’s gold output and foreign exchange earnings do not suffer unintended losses from the cedi’s strength,” the Board noted in a statement signed by Prince Kwame Minka, Media Relations Officer.
The Board assured miners that it has resourced and directed its network of licensed traders to guarantee prompt payment of the bonus to all miners who sell their gold through official channels.
Source: Myxyzonline.com
