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Answer: Yes.
a. Incurring cost under the G4R programme is not desirable but unavoidable due to the strategic and intentional policy design to use realistic market incentives for adequate FX accumulation.
b. However, moving forward, the BoG and GoldBod are exploring strategies to reduce and eventually eliminate the costs.
c. A policy blueprint for the GoldBod’s trading model is being developed by the GoldBod and will be rolled out in 2026, with the support of the Ministry of Finance and the Bank of Ghana.
d. Additionally, the GoldBod is currently developing its pricing regulations in consultation with the leadership of the Ghana National Association of Small-Scale Miners and the Concerned Small-Scale Miners Association. Discussions are ongoing on an acceptable minimal discount rate for local ASM gold purchases.
The outcome of this stakeholder consultation will find expression in the pricing regulations of the GoldBod, which will soon be laid before Parliament.
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