President Mahama declares zero tolerance for illegal gold trading
President John Dramani Mahama on Tuesday declare zero tolerance for illegal gold trading in Ghana.
He gave the caution in his address at the inauguration of the Ghana Gold Board (GoldBod) Task Forces as part of measures by the Government to protect the country’s gold resources from illegal exploration.
“Let this serve as a warning to all those involved in gold smuggling and illegal trade: the law will be enforced without fear or favour,” the President said.
He noted that the Gold Board Act prohibits unlicensed trading and bans foreigners from purchasing gold on the local market.
The President said any breach of the Act could lead to a hefty fine of up to GHS2.4 million or imprisonment of five to10 years, or both.
“However, foreign entitie...