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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