Audio By Carbonatix
Parliament’s Mines and Energy Committee is set to investigate how undocumented gold is illegally smuggled through the country’s borders.
It follows a JoyNews exposé uncovering how security operatives and politically connected individuals have been aiding a gold smuggling syndicate illegally exporting gold through the country’s air and seaports.
In 2018, President Akufo Addo revealed how $5 billion was unaccounted for in gold exports from Ghana to the United Arab Emirates.
In the latest Hotline Documentary, ‘Busted: Gold Smugglers’ the JoyNews investigative team revealed how gold is tucked under traditional woven slippers and smuggled out of the country.
Ranking Member on the Mines and Energy Committee John Jinapor says the revelations captured in the investigative report will feature strongly when they meet the Lands and Natural Resources Minister and Minerals Commission on Tuesday.
"This will be a major issue at committee. We will delve into it," he told JoyNews.
He further highlighted the need to reassess the percentage of withholding tax placed on legal gold exports which he believes could be a contributory factor perpetuating the illegality.
"I am told that it is a 3% withholding on gold export in Ghana and that that's a contributory factor deterring people from going through the approved routes. I think that all these issues ought to be looked into so that we can tighten security," he added.
Latest Stories
-
Anthony Joshua declines showdown with Tyson Fury but admits they ‘probably’ clash next
3 minutes -
Tyson Fury dominates Makhmudov, calls out Joshua next
22 minutes -
I have supported highway authority financially to fix roads in my constituency – A Plus
1 hour -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
2 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
2 hours -
Port crises loom as 11,000 drivers threaten four-day strike
3 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
4 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
5 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
5 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
6 hours -
Monetise Idiocy In Ghana
6 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
7 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
7 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
7 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
8 hours