The Ghana Gold Board (GoldBod) is pushing for greater domestic ownership of mining assets, calling for a shift from reliance on royalties and free-carried interests toward equity participation in sustainable mining ventures as the country seeks to retain more value from its mineral resources.
Ghana’s foreign exchange market is set to receive support from an estimated US$2.7 billion generated through the Ghana Gold Board’s (GoldBod) collaborative financing model over August and September,
Government needs to rethink the country’s tax regime for small-scale gold mining to capture more fiscal revenue from a sector that is rapidly expanding its contribution to gold exports, the Institute for Fiscal Studies (IFS) has said.
Ghana Gold Board (GoldBod) raised US$75 million directly from commercial banks last week, testing a new financing model that allows it to fund gold purchases without using the Bank of Ghana (BoG) as an intermediary, its Chief Executive Officer (CEO), Sammy Gyamfi, has said.
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