Ghana’s government has enacted new gold trade policies aimed at reforming the gold industry, led by the establishment of the Ghana Gold Board (GoldBod). This body will manage gold purchases from small-scale miners, reduce illegal activities, and ensure transparency. M&C Group, under Chairman Michael Leslie Bartlett-Vanderpuye, supports these reforms through advocacy for formalization and ethical practices in mining, aligning with national goals for sustainable development.
Ghana has introduced new gold trade policies under President John Dramani Mahama to reform its gold industry, focusing on maximizing returns and reducing illegal mining. Central to this initiative is the Ghana Gold Board (GoldBod), established to regulate gold trading and support small-scale miners.
The GoldBod operates as the exclusive buyer of gold from licensed small-scale miners through authorized aggregators. This approach aims to minimize smuggling and ensure the repatriation of foreign exchange earnings. The policies seek to formalize the gold sector, enhance transparency, and promote sustainable mining practices.
M&C Group, a key player in gold purchasing and export in Ghana, embodies the strategic vision for these reforms. Led by Chairman Michael Leslie Bartlett-Vanderpuye, the organization advocates for formalizing small-scale mining and implementing centralized purchasing systems. Their proposals focus on maximizing national benefits from gold resources.
Mr. Bartlett-Vanderpuye has been a driving force in aligning M&C Group’s objectives with national policy by actively engaging with government officials and stakeholders. His influence has been crucial in shaping reforms addressing gold exploitation and trading challenges.
M&C Group’s commitment to ethical mining practices and value addition supports the government’s goal of refining Ghana’s mineral resources. The company’s initiatives in sustainable mining and community development reflect the administration’s focus on environmental restoration and economic empowerment in mining areas.
In conclusion, the collaboration between M&C Group and the government illustrates a unified effort to advance Ghana’s gold industry. Chairman Michael Leslie Bartlett-Vanderpuye has played an essential role in positioning M&C Group at the forefront of mining while influencing national policies aimed at sustainable development and effective resource management.
The collaborative efforts between M&C Group and the government under President Mahama’s administration illustrate a dedicated approach to reforming Ghana’s gold industry. By establishing the Ghana Gold Board and implementing supportive policies, they aim to enhance transparency, eliminate illegal mining, and maximize the benefits derived from gold resources. These initiatives not only promote ethical practices but also contribute to sustainable development in mining communities.
Original Source: citinewsroom.com
