Tag Archives: GOLD

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 …

The Otumfuo Commemorative Gold Coin project is instituting measures for the formation of a task force to combat illegal gold mining (galamsey) in the Ashanti Region. The task force, to be known as Asanteman Task Force Against Illegal Mining, will be a corporate social responsibility initiative of the Otumfuo Commemorative …

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 …

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. …

The Head of Ghana’s Economic Management Team, Vice President Dr Mahamudu Bawumia on Wednesday, March 15, 2023, took a swipe at critics of the government’s Gold-for-oil policy. Touting the success of the policy which is currently in its third month of implementation, the vice president said the country will witness more …

A man who says he was the informant who helped the Ghana Police Service with intelligence in the arrest of a gold scam syndicate, in March 2022, at Adjen Kotoku, a suburb of Accra, says his life is now in danger. The supposed informant said that despite him providing the …

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 …

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 …

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 …

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 …