The Ghana Association of Forex Bureau has taken a significant step towards combating gold smuggling and strengthening the national currency. On Tuesday, February 25, the association’s leadership paid a courtesy call on Sammy Gyamfi, the Acting Managing Director of the Precious Minerals Marketing Company (PMMC), to discuss a potential partnership between the two agencies.

According to Gyamfi’s Facebook post, the discussion was insightful and fruitful, with both parties agreeing to further engage and seek collaboration from the Bank of Ghana and Finance Ministry.

This partnership aims to revitalize the economy by combating gold smuggling and strengthening the national currency.

In a related development, the technical committee tasked with establishing the Ghana Gold Board is making progress. The committee is engaging stakeholders to develop a legal and operational framework for the board, which will regulate and oversee Ghana’s gold marketing industry.

The Chamber of Mines and Civil Society Organizations in the extractive sector have already made their inputs into the bill for the establishment of the Gold Board, which is critical to President John Dramani Mahama’s economic revitalization agenda.