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a. Through the exercise of its exclusive rights over the ASM gold sector and its centralized market regulation and enforcement powers, the GoldBod has been able to introduce licensing reforms and deployed effective aggregation systems and antismuggling controls, to mop up unprecedented volumes of ASM gold (over 103 tons) in 2025.
b. Additionally, the GoldBod buys 20% of the gold output of nine (9) large scale mining companies in the country for the BoG.
This gold is added to the gold reserves of the country.
c. The defunct PMMC had no such powers and played no such role under the G4R programme in previous years. PMMC was simply one of BoG’s Aggregators under the G4R programme.
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