President John Dramani Mahama has launched reforms to enhance Ghana’s gold industry, highlighted by the creation of the Ghana Gold Board (GoldBod). The GoldBod aims to regulate gold trading and curb illegal mining. M&C Group, led by Michael Leslie Bartlett-Vanderpuye, supports these measures, advocating for formalized small-scale mining and ethical practices to maximize national benefits from gold resources.
In a pivotal advancement for Ghana’s gold sector, President John Dramani Mahama has unveiled transformative policies to optimize the country’s gold resources and combat illegal mining. These reforms are centered around the establishment of the Ghana Gold Board (GoldBod), an agency created to regulate and streamline gold trading, particularly in the small-scale mining domain.
The GoldBod is mandated to operate as the sole purchaser of gold from licensed small-scale miners, facilitating transactions through authorized aggregators. This initiative not only combats smuggling but also guarantees the repatriation of foreign exchange earnings, supporting the government’s broader agenda for formalizing the gold sector, increasing transparency, and promoting sustainable mining practices.
M&C Group, a premier entity in Ghana’s gold purchase and export industry, echoes the strategic vision behind GoldBod. Under the guidance of Chairman Michael Leslie Bartlett-Vanderpuye, the company has championed the formalization of small-scale mining and the establishment of centralized gold purchasing frameworks.
The proposals put forth by M&C Group advocate for a collaborative system that diminishes illegal mining and enhances the national advantages from its gold reserves. Mr. Bartlett-Vanderpuye’s engagement with governmental bodies and stakeholders has significantly contributed to the shaping of these reforms.
M&C Group’s advocacy for structures similar to the GoldBod demonstrates its crucial role in influencing important policies within the gold exploitation and trading sector. The company’s commitment to ethical mining practices, alongside efforts in sustainable mining and community development, resonates with the government’s ambitions for enhancing Ghana’s mineral resources.
The alignment between M&C Group’s innovative strategies and the government’s forward-thinking policies signifies a vital partnership geared towards transforming Ghana’s gold industry. Chairman Michael Leslie Bartlett-Vanderpuye has not only advanced M&C Group’s prominence but has been instrumental in crafting national policies to fully capitalize on Ghana’s gold resources for sustainable development.
By: Michael Leslie Bartlett-Vanderpuye
In conclusion, the transformative policies introduced by President Mahama’s administration, alongside the leadership of M&C Group and Chairman Michael Leslie Bartlett-Vanderpuye, represent a concerted effort to reform Ghana’s gold industry. The establishment of the Ghana Gold Board serves as a pivotal initiative to ensure transparency, promote ethical mining practices, and maximize the benefits of gold resources for the nation. The collaborative synergy between government and industry reflects a significant step towards sustainable development in Ghana’s mining sector.
Original Source: citinewsroom.com
