GoldBod gains: This is not what Ghanaians voted for, deal with galamsey – Prof. Bokpin

We were asking for a government that would respond to irresponsible mining,” he said, adding that the administration appeared more focused on highlighting the financial gains from gold purchased and exported through the Ghana Gold Board (GoldBod).

An International Monetary Fund report said the rapid expansion of the Bank of Ghana’s domestic gold purchases resulted in cumulative net policy costs of about US$1.

Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has criticised the government’s approach to illegal mining, arguing that its celebration of gains from gold trading overlooks the severe environmental damage it causes.