Ghana gold agency faces funding delays

Ghanaian gold buyers report going weeks without funds from state agency GoldBod. GoldBod denies any shortfall and cites new risk controls implemented in August.

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FILE PHOTO: A view of smelted gold bars at a smelting facility in Accra, Ghana, August 22, 2024. REUTERS/Francis Kokoroko/File Photo

Ghana's artisanal gold marketing agency halted disbursements to suppliers for up to three weeks, leaving operators stranded despite soaring Gold prices. The disruption stems from a shift in financing strategy after the central bank withdrew direct backing. State officials insist operations remain fully funded under tighter risk controls.

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