GoldBod Offers GH¢832 Bonus Per Pound to Discourage Gold Smuggling
The Ghana Gold Board (GoldBod) has announced a special bonus of GH¢832 per pound of gold for all licensed miners across the country as part of efforts to discourage gold smuggling.
In a statement released on Wednesday, August 27, 2025, GoldBod explained that the incentive is designed to motivate miners and strengthen confidence in Ghana’s regulated gold market.
“With this initiative, a pound of gold, which should have sold in the local market for GH¢8,868, is today selling at GH¢9,700,” the statement read.
Addressing Concerns of Licensed Miners
The board indicated that the intervention comes in response to complaints by licensed miners over falling local gold prices in recent months, a trend largely linked to the appreciation of the Ghana cedi.
GoldBod emphasized that miners, who play a crucial role in boosting Ghana’s gold output and foreign exchange earnings, should not be disadvantaged by the stronger currency.
Ensuring Prompt Payments
According to the statement, GoldBod has adequately resourced its licensed traders nationwide to ensure immediate and reliable payment of the bonus to all miners who channel their gold sales through the board.
The board believes the initiative will curb illegal smuggling, protect the country’s gold reserves, and sustain revenue inflows for national development.
Source: My News Ghana
