GoldBod provides a special bonus of GH₵832 to licensed miners, adding to their initial GH₵8,868.

The Ghana Gold Board (GoldBod) has launched a special bonus of GH₵832 per pound of gold for all licensed miners in Ghana. As a result, a pound of gold, previously worth GH₵8,868 on the local market, now commands GH₵9,700 under the new incentive structure.

The bonus is a temporary intervention aimed at offsetting the adverse effects of the recent Ghana cedi appreciation, which has resulted in lower local gold prices. According to GoldBod, the incentive is a direct response to “legitimate complaints” from miners, who have voiced concerns about losing value despite their contributions to Ghana’s increasing gold production and foreign exchange reserves.

“The special bonus will ensure that licensed miners who have worked tirelessly to support the economy do not suffer indirectly as a result of the very success they have helped the country achieve,” the statement read.

GoldBod further assured that its network of licensed traders across the country has been resourced and directed to ensure prompt payment of the bonus to all miners who sell their gold through official channels.

This move is also seen as a strategic step to discourage smuggling and keep Ghana’s gold sales within legal markets, ultimately safeguarding state revenue.

The statement was signed by Prince Kwame Minka, Media Relations Officer of GoldBod.