President John Dramani Mahama has announced that individuals who report illegal gold trading activities will receive 10% of any seized assets—whether gold or cash—confiscated through operations conducted by the newly established Ghana Gold Board Taskforce.
The President made the announcement on Tuesday, July 8, 2025, during the official launch of the Taskforce, which is part of sweeping reforms aimed at clamping down on gold smuggling and bringing greater transparency to Ghana’s gold trade.
The Taskforce’s creation follows the passage of the Gold Board Act (Act 1140), which revoked all gold trading licenses previously issued by the defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources.
The law also established a new regulatory framework to oversee and sanitize activities within the small-scale mining sector.
Speaking at the inauguration, President Mahama emphasized the role of the public in supporting the fight against illegal gold trade.
“Whistleblower channels are now in place,” he stated. “Informants are entitled to receive 10% of the value of any gold or cash seized. So, if you blow the whistle and assets are recovered, you will earn 10 percent of their total worth.”
He noted that the incentive is part of a broader effort to encourage citizen participation in protecting Ghana’s mineral wealth and rooting out corruption in the sector.
The Ghana Gold Board Taskforce, which comprises personnel from national security, the military, and other enforcement agencies, will serve as a key instrument in implementing these reforms.
The team has undergone intensive vetting, training, and anti-corruption orientation and will operate under strict oversight mechanisms, including mandatory use of body cameras and GPS tracking during operations.
The Taskforce’s mandate reflects the government’s commitment to restoring discipline, accountability, and fairness in the gold industry—a critical pillar of Ghana’s economy.
Source: Starrfm.com.gh
