The Ghana Gold Board (GoldBod) and the Economic and Organised Crime Office (EOCO) have begun a joint effort to track and disrupt illicit financial flows linked to Ghana’s gold trade.
The collaboration, supported by the United Kingdom Ghana Gold Programme (UKGGP), entered its operational phase following the first technical meeting between the institutions.
The initiative is expected to strengthen intelligence sharing, financial monitoring and enforcement across the gold trading ecosystem, with a focus on tracing suspicious funds moving through the sector.
The Deputy Chief Executive Officer of GoldBod said the Board was committed to working with EOCO to ensure that gold trading in Ghana complied with established local and international standards.
He said closer cooperation between the two institutions would improve the ability of authorities to identify and disrupt illicit financial activities associated with gold trading.
“We give full support to management and look forward to ensuring that the gold trade is conducted in compliance with local and international standards,” he said.
The Head of Investigations at EOCO, Felix Mawulolo Amegashie, said gold remained critical to Ghana’s economy, making effective oversight of financial transactions within the sector essential.
He said the partnership would provide the institutions with a clearer understanding of the movement of money within the gold trade and strengthen efforts to sanitise the sector.
The technical meeting is expected to provide a working framework for the collaboration, including defined roles, information sharing and joint follow-up on identified financial risks.
The UKGGP is providing technical support to Ghana’s efforts to develop a transparent, well-regulated and responsibly sourced gold sector, drawing on international compliance practices.
Source: www.kumasimail.com
