Parliament to probe exposé on gold smuggling syndicate

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.

Credit: Myjoyonline

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