Golden Opportunities: A New Era Dawns

Imagine this: Less than $900 million in forex for the Bank of Ghana. Yet, here we are, standing tall. If the Bank of Ghana has enough forex liquidity for the market and government obligations, and if the CD is strong and stable, it’s because of some things the good board is doing. We hope to keep this momentum going. Just last year, gold exports reached 66 tons, raking in $4.6 billion. Can you believe that?

Fast forward to today, and we’ve already surpassed the $4.6 billion mark. We’ve gone beyond $5 billion! As for volumes, we’re nearing 66 tons. We’ve done over 50 tons, and we’re optimistic that by next month, we’ll hit 60 tons. All this effort is to outsmart the villains lurking in the shadows, those who choose the dark path of gold smuggling and deprive our nation of much-needed revenue and forex stability.

With the establishment of the gold board and the task force inaugurated by President Mahham under the finance minister’s guidance, we’re ramping up the fight against smuggling. This isn’t just a sporadic effort anymore. We have a permanent standby force ensuring everyone trading in gold is licensed. No more shenanigans!

Licensing: A Must-Have

So, here’s the deal: If you want to trade in gold, you need a gold board license. Your old PMMC licenses? Not valid anymore. Same goes for licenses from the Ministry of Lands and Natural Resources. We gave ample time to follow due process and apply for a new license. Now, it’s time to get on board or get left behind.

Once you have a license, you’re part of the club. We know where your money comes from, and it’s all clean. No more foreigners in gold trading—everyone knows that. But some still hide in Kumasi and Buasi. We’ve got intel on them, and soon, you’ll see us raiding their hideouts.

Checks and Balances: Keeping Things Honest

Now, you might wonder, “Who watches the watchmen?” We’ve got checks and balances in place. The task force members will wear bulletproof vests with body cams. Their vehicles have GPS trackers, and we’ve got a command center monitoring everything. No rogue actions here!

And if you see anyone engaging in illegal gold trading or smuggling, report it. We’ve got toll-free lines ready, and your anonymity is guaranteed. Plus, there’s a reward for accurate reports that lead to arrests and seizures. Sounds like a good deal, right?

So, let’s work together. Spread the word, enlighten the public, and let’s ensure this initiative is a success. It’s not just a political agenda; it’s a national one. Thank you for your support. Any questions?