Ghana Orders All Foreign Gold Traders in Ghana to Leave by April 30/025

🇬🇭 Ghana Orders All Foreign Gold Traders In Ghana To Leave By April 30 Ghana has ordered foreign gold traders to leave the market by the end of April. Ghana, formerly known as the Goald Coast, for its abundant gold, is Africa's largest gold producer and the world's sixth largest producer. According to an official government report, the move is to streamline gold purchases from small-scale miners, increase earnings, and reduce smuggling. The government has also introduced a new trading system where local and foreign companies with export licenses can buy and export gold from artisanal or small-scale mining. The newly established government-owned Gold Board will be the only entity allowed to buy, sell, assay, and export all gold mined in Ghana. The government also urges all licensed persons and entities buying gold in the local market to do so in Ghana cedis. The new regulatory body has also cancelled all mining leases to all persons, including Ghanaians, except those operating large-scale mining companies. Is this a good move by the new government of President Mahama?