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Tag Archives: GOLD

VIDEO: Man saves trapped gold miners with bare hands

Following heavy rain, a tragedy was narrowly averted at a collapsed gold mine in the Democratic Republic of Congo after nine miners emerged from the rubble. Footage shows the men crawling out of the narrow entrance after a man used his bare hands to clear away debris. A lack of …

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VIDEO: Flashy, powerful Zimbabwe pastor cum diplomat ‘caught’ in Al Jazeera ‘Gold Mafia’ exposé

One of Zimbabwe’s most influential diplomats, Uebert Angel, offered to use his status to launder millions of dollars through a gold-smuggling scheme, during an undercover operation by Al Jazeera’s Investigative Unit (I-Unit). Angel, appointed ambassador-at-large and a presidential envoy by Zimbabwe’s President Emmerson Mnangagwa in March 2021, told reporters he …

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KNUST unveils beautiful gold-plated statue of Otumfuo

The Kwame Nkrumah University of Science and Technology (KNUST) has unveiled a statue of the Asantehene, Otumfuo Osei Tutu II. The statue, gold-plated shows the Asantehene who is also the Chancellor of the school, in a traditional Kente cloth, with what appears to be royal jewelry on his arms and wrists. …

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Ghana attracts 3 gold, 1 lithium mining firms

Total of four new large-scale mining companies are expected to start operations in the country within the next 24 months, the Minister of Lands and Natural Resources, Mr Samuel Abu Jinapor has announced. According to him, the new mines will comprise three gold mining firms and one lithium mining com­pany and would …

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Gold-for-Oil policy is a scam – Sam George

The Member of Parliament for Ningo Prampram, Sam Nartey George, has described the God-for-Oil policy the government is implementing as a scam. According to him, the aim of the policy is to reduce the prices of oil products but the prices of these items are set to increase again this …

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We have enough gold to exchange for oil – Bank of Ghana

The Bank of Ghana (BoG) has assured Ghanaians that it has sufficient gold reserves to continue the gold-for-oil policy. In its turn before the Public Accounts Committee, the central bank stated that it was well-positioned to meet the transactional demand of 160,000 ounces of gold per month. The bank was represented before …

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First gold-for-oil consignment to arrive in January 2023 – Bawumia

Vice President, Dr Mahamudu Bawumia, has announced that government will receive the first consignment of oil under the gold-for-oil policy in January 2023. Making this known in a Facebook post sighted by GhanaWeb, he noted that the first consignment comes after government concluded arrangements for the operationalization of the gold-for-oil policy. “I …

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