Precious metal prices have risen after the US capture of Venezuelan President Nicolás Maduro increased investors’ concerns about geopolitical risks. In Monday morning trade in Asia, gold was about 1.8% …
Extractives
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Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi has dismissed allegations that his institution recorded losses under the Gold-for-Reserves programme, revealing instead a substantial financial surplus for …
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EconomyExtractivesInvestmentsMiningTaxation
A 3% withholding tax crashed small-scale gold output, FX inflows in 2021
Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has disclosed that a 3% withholding tax introduced in 2021, led to a dramatic collapse in small-scale gold production …
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Banking & FinanceEconomyExtractivesMiningTop Story
BoG debunks reported losses from gold operations as speculative
The Bank of Ghana has maintained that figures reported in relation to losses from gold operations in 2025 should be described as speculative. The Bank argues that since its audited …
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ExtractivesInvestmentsMiningTop Story
GoldBod rejects IMF claims of US$214m losses under gold-for-reserves policy
The Ghana Gold Board (GoldBod) has dismissed claims that Ghana recorded US$214 million in losses under the gold-for-reserves programme, describing the assertion as inaccurate and misleading. The Chief Executive Officer …
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The Governing Board of the Volta Aluminum Company Limited (VALCO), led by H.E. Ambassador Horace Nii Ayi Ankrah, has held a strategic engagement meeting with the Management of the Company. …
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The Ghana Gold Board (GoldBod) has exceeded its 2025 small-scale gold export target, marking a major milestone for the country’s mining and export sector. According to official figures, GoldBod surpassed …
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The Ministry of Lands and Natural Resources has announced plans to revoke the licences of 50 large-scale mining companies found to have breached key regulatory requirements. The decision follows a …
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The Minister for Lands and Natural Resources, Honourable Emmanuel Armah-Kofi Buah, has tasked the newly inaugurated Governing Board of the Volta Aluminium Company Limited (VALCO) to lead the transformation of …
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ExtractivesInvestmentsMining
MIIF, Gold Fields hold strategic talks on potential investment prospects
Executives of Gold Fields Ghana have met with their counterparts at the Minerals Income Investment Fund (MIIF or the Fund) to discuss the operations of the company, potential investment opportunities …
