Ghana Aims to Keep More Gold in the Country

Objective:
Bring 127 metric tons of gold from small‑scale mining into official trade each year, boosting foreign‑exchange earnings and cutting smuggling losses.

How It Works

Step	Action	Impact
1	Create a government board	Centralizes gold purchases
2	Board buys ≥ 2.45 tons weekly	Ensures steady supply
3	Formal sales channel established	Generates > $20 billion annual income
4	Central bank purchases FX at fixed rate	Keeps money circulating in Ghana

Price Stabilization: Board uses financial tools to hedge against price swings.
Incentives for Miners: Higher prices and bonuses for licensed operators to discourage illegal trade.

Environmental & Operational Safeguards

Stricter environmental rules for mining operations.
Traceability: Mandatory tracking of gold origin.
Local Refining Capacity: Investment in domestic processing facilities.

Stakeholder Perspectives

Group	Concern	Government Response
Large Mining Companies	Tightening financial rules may slow investment.	Government stresses the necessity of keeping gold and money domestically.
Small‑Scale Miners	Access to fair prices & legal framework.	Board offers better rates and licensing support.

Bottom Line:
By institutionalizing gold trade, Ghana aims to reclaim billions in lost revenue while fostering a cleaner, more transparent mining sector.

How It Works

Environmental & Operational Safeguards

Stakeholder Perspectives

Actions