The Minority Chief in Parliament, Alexander Afenyo-Markin, says there ought to have been additional stakeholder engagement on the Gold Board Invoice earlier than carrying it to Parliament for approval.
In response to him, the invoice offers extreme management over gold commerce within the nation to the federal government, making a monopoly- one thing that can discourage personal funding and competitors.
“One, the coverage offers the Gold Board extreme management over gold commerce, making it a authorities monopoly. Is that what we wish?” he questioned.
The Miniority Chief raised the issues on the ground of the home previous to the approval of the invoice on Friday.
The Gold Board goals to regulate the gold business by enhancing transparency, guaranteeing traceability, and rising international trade earnings.
It’s going to additionally search to handle the acquisition, sale, and export of gold to generate revenue and assist stabilise the cedi.
Mr Afenyo-Markin, nevertheless, believes that the passage of the invoice will moderately promote ilauthorized mining, popularly generally known as “galamsey,” as a substitute of addressing challenges within the small-scale mining sector.
He argued that state involvement in gold buying and selling might result in worth manipulation, political interference.
BY RAISSA SAMBOU
