Breaking news 🚨🚨, Ghana has allegedly cancelled all mining leasing permits to all individuals and entities except companies doing large scale mining. Ghana Gold-board now is the only official entity to buy,sell,assay and export all Gold mine in Ghana 🇬🇭.

The country has ordered foreigners to exit its gold trading market by the end of April. As Africa's largest gold producer, the looks forward to streamline gold purchases from small-scale miners, increase earnings, and reduce smuggling.

The West African nation is shifting away from a system where local and foreign companies with export licenses can buy and export gold from artisanal or small-scale mining.

The newly established Gold Board (GoldBod) will be the only entity allowed to buy, sell, assay, and export all gold mined in Ghana. It also urges all licensed persons and entities buying gold in the local market to do so in Ghana cedis.

Credit: Inspirational Ark
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