In a startling incident that has raised concerns over the integrity of Ghana’s bullion market, the Precious Minerals Marketing Company (PMMC) has accused Joseph Yamin, the National Organiser of the National Democratic Congress (NDC), and others of trying to interfere with bullion bars belonging to the Bank of Ghana (BoG). Apexnewsgh reports
The PMMC released a statement on Wednesday, December 18, detailing the events that transpired the previous day. The bullion bars in question were part of the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP), a crucial initiative aimed at strengthening the nation’s gold reserves and enhancing economic stability.
According to the PMMC, the situation escalated into a standoff that required police intervention. After several hours of tension, an agreement was reached for the bullion bars to be transferred to the Greater Accra Regional Police Command for safekeeping while efforts were made to resolve the underlying issue.
The disruption not only affected the PMMC but also impacted a private exporter, who had been processing gold for export at the time of the incident. The PMMC described the whole affair as “unfortunate,” highlighting how it disrupted lawful operations and created unnecessary tension.
In their press release, the PMMC condemned the incident as an “unlawful action” that threatens Ghana’s international reputation in the bullion market. They warned that such disruptions could undermine the confidence of global gold buyers and jeopardize Ghana’s standing as a reliable player in the international gold trade.
The company urged all stakeholders to act responsibly to safeguard the country’s economic interests and maintain its international credibility.
“The Precious Minerals Marketing Company (PMMC), which by law acts as The National Assayer, has noted with deep concern an incident that occurred at the National Assay Centre located at the Aviance Cargo Terminal, where a mob led by a gentleman who identified himself as Mr. Joseph Yamin, the
National Organiser of the National Democratic Congress (NDC), forcibly attempted to seize bullion bars being processed by PMMC for the Central Bank of Ghana,” the statement read.
The troubling incident occurred on Tuesday, December 17, 2024, starting around 4:00 PM and lasting until midnight, leaving many to wonder about the implications for Ghana’s gold industry and its global standing.
