{"id":1105,"date":"2026-01-14T09:24:33","date_gmt":"2026-01-14T09:24:33","guid":{"rendered":"https:\/\/sencoproperties.com\/news\/?p=1105"},"modified":"2026-01-14T09:24:33","modified_gmt":"2026-01-14T09:24:33","slug":"according-to-a-mining-special","status":"publish","type":"post","link":"https:\/\/sencoproperties.com\/news\/according-to-a-mining-special\/","title":{"rendered":"According to a mining specialist, rising GoldBod purchases do not indicate the end of smuggling."},"content":{"rendered":"

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A recent technical analysis written by Professor Ebo Turkson has drawn criticism from mining expert Wisdom Gomashie, who asserts that the rise in gold purchases by the Ghana Gold Board (GoldBod) is proof of a notable decrease in gold smuggling.<\/a>
- Other stories<\/a>
  - The cedi starts trading at GH\u00a210.50 to $1 on Monday, the first day of 2026.<\/a><\/li>
  - IMF assertions of a $214 million loss in the BoG Gold-for-Reserve scheme are denied by GoldBod.<\/a><\/li>
  - Accommodation Insurance: Protect Your Stay and Finances in Ghana<\/a><\/li>
  - Africa\u2019s Top-Performing Bank in October 2025<\/a><\/li>
  - October 2025\u2019s Top-Performing African Currencies<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n
    <\/span>A recent technical analysis written by Professor Ebo Turkson has drawn criticism from mining expert Wisdom Gomashie, who asserts that the rise in gold purchases by the Ghana Gold Board (GoldBod)<\/a> is proof of a notable decrease in gold smuggling.<\/span><\/h2>\n
    $\"According$
    According to a mining specialist, rising GoldBod purchases do not indicate the end of smuggling.<\/figcaption><\/figure>\n
    \n
    <\/p>\n
    According to Dr Turkson’s research, GoldBod returned roughly 40 tonnes of gold\u2014worth about US$3.8 billion\u2014that had previously been trafficked out of Ghana to the official economy in just 2025.<\/p>\n
    In response, Gomashie called the findings “unfortunate” and lacking academic credibility in a Facebook post on January 12, 2025.<\/p>\n
    <\/h3>\n
    “So, an increase in purchases from 63 tonnes in 2024 to 103 tonnes in 2025 indicates that 40 tonnes, or the difference between 103 and 63, were smuggled the year before? He wrote, “This analysis is weak and uninteresting, and it will not pass any academic work.”<\/p>\n
    Higher purchase volumes by themselves, according to Gomashie, cannot prove a decrease in smuggling.<\/p>\n
    According to him, there is a fundamental error in the idea that the 40-tonne rise represents gold that was previously smuggled out of the nation.<\/p>\n
    In his piece, he also highlighted a number of policy realities that contradict the report’s conclusions.<\/p>\n
    “Are you aware that no small-scale mining licences were issued by the mining ministry in 2025? Do you know that the government declared that mining in forest reserves was prohibited? Even after LI2462 was rescinded in December 2025, illicit mining continued in forest reserves. And illicit mining in forest reserves has continued despite its revocation?<\/p>\n
    In his conclusion, Gomashie questioned the analysis’s validity and insisted that it didn’t accurately reflect Ghana’s mining industry.<\/p>\n
    $\"According$
    According to a mining specialist, rising GoldBod purchases do not indicate the end of smuggling.<\/figcaption><\/figure>\n
    <\/span>\n
    Other stories<\/span><\/h3>\n
    \n
    \n
    <\/span>The cedi starts trading at GH\u00a210.50 to $1 on Monday, the first day of 2026.<\/a><\/span><\/h4>\n<\/li>\n
    \n
    <\/span>IMF assertions of a $214 million loss in the BoG Gold-for-Reserve scheme are denied by GoldBod.<\/a><\/span><\/h4>\n<\/li>\n
    \n
    <\/span>Accommodation Insurance: Protect Your Stay and Finances in Ghana<\/a><\/span><\/h4>\n<\/li>\n
    \n
    <\/span>Africa\u2019s Top-Performing Bank in October 2025<\/a><\/span><\/h4>\n<\/li>\n
    \n
    <\/span>October 2025\u2019s Top-Performing African Currencies<\/a><\/span><\/h4>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
    A recent technical analysis written by Professor Ebo Turkson has drawn criticism from mining expert Wisdom Gomashie, who asserts that […]<\/p>\n","protected":false},"author":1,"featured_media":1107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[129],"tags":[130],"class_list":["post-1105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-goldbod"],"_links":{"self":[{"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/posts\/1105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/comments?post=1105"}],"version-history":[{"count":1,"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/posts\/1105\/revisions"}],"predecessor-version":[{"id":1108,"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/posts\/1105\/revisions\/1108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/media\/1107"}],"wp:attachment":[{"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/media?parent=1105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/categories?post=1105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sencoproperties.com\/news\/wp-json\/wp\/v2\/tags?post=1105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}