Minority Raises Concerns Over GoldBod Operations, Cites 15% Loss on Gold Purchases

Kojo Oppong Nkrumah, Ranking Member on Parliament’s Economy Committee, has criticized the current operational structure of GoldBod, pointing to significant financial losses incurred by the government in its effort to regulate gold trade. Speaking on the issue, Mr. Nkrumah explained that the government pays bonuses to gold dealers as part of its regulatory strategy to discourage gold smuggling. While the approach is intended to keep gold within official channels, he argued that it comes at a hig…