The Bank of Ghana (BoG) has added 7.70 tonnes of gold to the country’s reserves as of the end of last month, the Governor of the Bank of Ghana, Dr Ernest Addison, has stated. The measure, which is part of the central bank’s Domestic Gold Purchase Programme (DGPP), is aimed at increasing gold as the […]
Tag: Gold
Armed robbers steal gold worth $350,000 from mining company
Armed robbers made away with gold with a value of approximately US$350,000 when they raided the Homase site of gold ore mining company, GoldStone Resources Limited near Akrokeri in the Ashanti region on June 10, 2022. GoldStone Resources in a statement issued today said no one was hurt during the dastardly heist and the loss […]
Store gold: Vice-President tells African central banks
The Vice-President, Dr Mahamudu Bawumia, has charged central banks in Africa to actively build up their gold reserves by purchasing traceable and sustainably produced local gold at world market prices. “We have not had that philosophy and thinking over the years to build our gold reserves, as we just produce and share,” he said. Therefore, […]
No withholding tax on gold export from January 2022 – Minister
Effective January 1, 2022, small-scale miners (SSM) will no more be required to pay three per cent withholding tax on gold at the point of export through the Precious Minerals Marketing Company (PMMC). This follows the government’s fiscal policy to scrap the three per cent withholding tax on processed gold and replace it with 1.5 […]
Businessman in trouble over $1m gold scam
An Accra Circuit court has issued a bench warrant for the arrest of a businessman, Alhaji Siba Yahaya, for allegedly defrauding some foreign investors in a more than $1million gold scam. The bench warrant was issued after Yahaya had failed to appear before the court to which he had been summoned. The court, presided over […]
Police arrest two suspected robbers with gold detecting machine
A Police patrol team in conjunction with a Community Watchdog has arrested two member of an armed robbery gang who robbed a gold dealer of his gold detecting machine at Talekura near Tinga, a gold mining enclave in the Bole District of the Savannah Region. The suspects, Dauda Appiah, 43 and Yussif Abdullah, 25, were […]
12 scammers who shipped bags of cement as Gold to their clients arrested
The issue of internet scamming is one thing that has been frowned on by many but most of the youth are engaged in it with the hope of amassing wealth at a very fast way. Even though most of them get arrested for their criminal actions, others on the other hand still continue to engage […]
Ghana dethrones South Africa as Africa’s top gold producer-World Bank
Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank. The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa, which produced 139.3 tonnes […]
Billion of Dollars worth of Gold smuggled out of Africa annually
Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1 billion worth of gold from Africa in […]
Men of gold don’t wear gold, books are not judged by merely looking at the cover-Sam Adeleke
Yesterday I had to visit somewhere and it was raining so I did not want to drive there since I was not too familiar with the road, so I parked my car somewhere close and used a keke (local tricycle). While I was there I got a call from a longtime friend reminding me of my promise […]