President Mahama’s administration has initiated reforms to improve Ghana’s gold industry, focusing on the establishment of the Ghana Gold Board (GoldBod) to regulate gold trading and reduce illegal mining. M&C Group, under Chairman Michael Leslie Bartlett-Vanderpuye, supports these reforms through advocacy for formalization and ethical mining practices, aligning with government objectives for sustainable development in the sector.
In a significant reform, the administration of President John Dramani Mahama has introduced new gold trade policies in Ghana. These policies aim to maximize the nation’s gold returns while combating illegal mining. A crucial element of this initiative is the establishment of the Ghana Gold Board (GoldBod), a specialized agency tasked with regulating gold trading specifically in the small-scale mining sector.
The GoldBod will serve as the exclusive purchaser of gold from certified small-scale miners through licensed aggregators. This measure aims to diminish smuggling activities and ensure complete repatriation of foreign exchange earnings. Ultimately, the initiative is part of a broader strategy by the government to formalize the gold sector, enhance transparency, and promote sustainable mining practices.
M&C Group, a prominent entity in Ghana’s gold purchasing and export sector, aligns closely with the strategic vision outlined by the government. Under the leadership of Chairman Michael Leslie Bartlett-Vanderpuye, the company advocates for the formalization of small-scale mining and the establishment of centralized gold purchasing mechanisms. Their approach highlights the necessity for a structure that prevents illegal mining while ensuring maximum economic benefits from gold resources.
Mr. Bartlett-Vanderpuye’s proactive leadership is crucial in aligning M&C Group’s objectives with national policy. His engagement with government officials and stakeholders has been vital in influencing recent reforms. M&C Group’s support for the framework similar to GoldBod has been instrumental in addressing issues within gold exploitation and trading in Ghana.
Moreover, M&C Group’s dedication to ethical mining practices and value addition complements the government’s agenda of enhancing Ghana’s mineral resources. Their initiatives in sustainable mining and community development have established benchmarks that are in harmony with governmental goals focused on environmental restoration and empowering mining communities.
In conclusion, the collaborative effort between M&C Group’s innovative vision and the proactive policies instituted by President Mahama represents a pivotal movement toward transforming Ghana’s gold industry. Chairman Michael Leslie Bartlett-Vanderpuye’s efforts have not only advanced M&C Group’s position in the mining sector but have significantly contributed to developing national policies intended to capitalize on Ghana’s gold resources for sustainable development.
In summary, the partnership between M&C Group and the Ghanaian government embodies a strategic response to reform the gold industry. The reforms emphasize regulation through the Ghana Gold Board, which targets illegal mining while promoting transparency. Michael Leslie Bartlett-Vanderpuye’s leadership in M&C Group plays a crucial role in aligning company objectives with national policies, thus enhancing the potential for sustainable development of Ghana’s gold resources.
Original Source: citinewsroom.com
