Instead of investing in Agriculture, they are channeling GHC 4.6 billion into galamsey operations – Afenyo-Markin
The recent passage of the Ghana Gold Board Bill 2025 has placed a spotlight on the country’s gold industry, not just for its potential to regulate the sector but also for the staggering GH₵4.6 billion earmarked for its operations.
Minority Leader Alexander Afenyo-Markin has been at the forefront of this debate, questioning whether the establishment of the Gold Board aligns with the country’s economic needs.
“Instead of investing in agriculture, women’s banking, and the 24-hour economy, they are channeling GH₵4.6 billion into galamsey operations.”
While the government insists that this move will enhance transparency and traceability in gold trading, a critical question remains—who truly stands to benefit?
Beyond the debate over illegal mining, the allocation of such a massive sum raises concerns about Ghana’s economic priorities.
With inflation squeezing households, youth unemployment rising, and small businesses struggling for access to credit, some argue that this money could have been used to directly address these pressing challenges.
