
Ghana's president inaugurates a special task force to tackle illegal gold mining
ACCRA, Ghana — Ghana's president launched a special task force on Tuesday to combat rampant illegal gold mining and smuggling that has long plagued the West African nation.
The chronic challenge of illegal gold mining — known locally as 'galamsey' — was a major issue during Ghana's presidential election campaign last year and a source of concern for voters, triggering protests and criticism against the outgoing government.
Ghana's President John Mahama inaugurated the GOLDBOD Task Force, saying its creation 'signals our readiness to act decisively.'
The task force — comprised of officers from various security agencies and the military — is empowered to arrest and detain suspects. It follows the establishment of the Ghana Gold Board agency in January as the sole legal entity managing all transactions and exports of gold mined in the country by small mining companies.
Mahama said that along with the agency, the task force will strive to curb the proliferation of illegal miners and 'dismantle the black-market economy surrounding gold.'
He touted what he described as the rebound of the cedi, Ghana's currency, which has had a poor track record against the dollar, as a result of setting up the Ghana Gold Board.
The illegal gold mining industry has resulted in significant economic losses and environmental degradation for Ghana, Africa's largest gold-producing country. It has flourished as a result of a massive slump in Ghana's economic fortunes as millions of young people struggle to find jobs.
Huge protests broke out across the country against illegal gold mining after many rivers were polluted, becoming a political hot-button issue in the election. Mahama, who won the election, promised in his campaign to clamp down on the practice.
'Let this serve as a warning to all those involved in gold smuggling and illegal trade: the law will be enforced without fear or favor,' he said Tuesday.
Mahama emphasized how the task force members would wear body cameras, which allows for accountability and monitoring of their actions in real time. However, many analysts say past attempts to curb illegal gold mining have not produced tangible results.
'The task force can help,' Festus Aboagye, an Accra-based security analyst, told The Associated Press. But 'the challenge, as usual, is not regulation but enforcement.'
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Adetayo reported from Lagos, Nigeria. Francis Kokutse And Ope Adetayo, The Associated Press
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The Market Online
2 days ago
- The Market Online
TAKEOVER SPECULATION! Barrick Mining, Evotec, Desert Gold
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The Company has acquired an exciting project, and the PEA for its flagship project should pique the interest of investors and potential buyers. Against this backdrop, the stock appears undervalued. At Evotec, on the other hand, investors can probably only hope for a quick return through a takeover. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a 'Transaction'). 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CTV News
3 days ago
- CTV News
Hershey, Nestle, other cocoa companies defeat appeal of child slavery lawsuit
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Globe and Mail
18-07-2025
- Globe and Mail
Should You Buy Newmont Stock After a 39% Rally in 6 Months?
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