Cassiel Ato Forson, PhD, Minister of Finance, has praised the Gold Board Bill’s passage.
By regulating activities, stabilizing the cedi, and optimizing our gold export earnings, he claims GoldBod will transform the gold industry.
He clarified that although Ghana has earned a substantial amount of foreign cash over the years from gold, the full benefits of this precious resource have not been fully realized, frequently at a high environmental cost.
But by making sure Ghana uses the full gold value chain, from extraction to refining, value addition, and marketing, both domestically and abroad, GoldBod will change this.
This would guarantee that Ghana reaps the full benefits of its natural richness, generates income, and creates jobs.
“I am thrilled to announce that the GoldBod Bill has been officially passed, marking a transformative moment in Ghana’s economic history!” the minister wrote in a social media post announcing this.
“The GoldBod is set to revolutionize the gold industry by regulating operations, stabilizing the cedi, and maximizing revenue from our gold exports.”
“Ghana earns significant foreign exchange from gold, yet the full benefits of this valuable resource have remained limited, often at a great environmental cost.”
“The GoldBod will change this by ensuring Ghana harnesses the entire gold value chain: from extraction to refining, value addition, and marketing, both locally and internationally.”
“This will create jobs, increase revenue, and ensure that Ghana fully benefits from its natural wealth. This is a great step towards a stronger, more self-sufficient economy. The future of Ghana’s gold industry has never been brighter!”.
Source: newsthemegh.com