The Ghana Gold Board (GoldBod) delivered strong financial and operational performance in the third quarter of 2025, generating GH¢691.14 million in total revenue and strengthening its role in Ghana’s gold and mineral export landscape. The statutory report covering July to September 2025 shows that the Board spent GH¢53.98 million during the period, leaving it with a net comprehensive income of GH¢637.39 million. GoldBod closed the quarter with cash and bank balances amounting to GH¢1.12 billion—an indication of growing financial resilience as the institution continues to mature. The revenue surge was driven primarily by assay services, licence fees, and charges from…
Author: MasemTV Newsroom
GoldBod has recovered GH¢3,036,990.00 in cash as part of its nationwide campaign against unlawful gold trading, according to the Board’s 2025 third-quarter report. The intensified enforcement also led to the seizure of various foreign currencies, including U.S. dollars, CFA francs, and Moroccan dirhams. Authorities further impounded items commonly linked to illicit gold operations—gold doré, gold dust, mercury, weapons, mobile phones, and forged documents. Investigators say foreign nationals from the United States, Morocco, and Burkina Faso have been implicated, highlighting growing cross-border involvement in illegal mining and gold smuggling activities. The Board is also investigating whether some Tier 2 licence holders…
Minority Leader Alexander Afenyo-Markin has delivered a scathing critique of the 2026 Budget Statement and Economic Policy, branding it a “copy-and-paste” document that offers no meaningful policy direction. Speaking during the parliamentary debate on Thursday, November 27, Afenyo-Markin argued that the Finance Ministry failed in its responsibility to present a well-researched and credible budget for the country. He pointed out several inaccuracies in the document, mentioning that it cited ministries that no longer exist or have undergone restructuring under the current administration. “How can the budget mention a Ministry of Railway Development at paragraph 519? How does it refer to…
Investigative journalist Manasseh Azure Awuni says President John Dramani Mahama must intervene in the increasing trend of arresting individuals for allegedly making false claims, arguing that such actions contradict the President’s long-standing reputation for tolerance and free expression. Manasseh maintained that if public officials believe they have been defamed, the lawful remedy is to pursue civil action—not to cause arrests. His comments follow the detention of Wendell Nana Yaw Yeboah over claims he allegedly made regarding illegal small-scale mining (galamsey). According to the police, Yeboah was arrested after the Criminal Investigations Department (CID) received a petition filed by Daniel Sasu…
Speaker of Parliament Alban Bagbin has stated that the Kpandai parliamentary seat cannot be treated as vacant yet, despite a High Court ruling that annulled the 2024 election results and ordered the Electoral Commission (EC) to conduct a fresh poll within 30 days. Speaking in Parliament on Thursday, November 27, Bagbin explained that although the High Court has effectively invalidated the declaration of Matthew Nyindam as Member of Parliament, the ruling cannot take immediate effect due to a legally mandated seven-day stay of execution that applies to all High Court decisions open to appeal. He noted: “The implication of the…
Speaker of Parliament Alban Bagbin has referred Minority Leader Alexander Afenyo-Markin to the Privileges Committee to answer allegations of contempt. The referral stems from a petition filed by Majority Leader Mahama Ayariga, who accused Afenyo-Markin of disobeying Parliament’s decision regarding Ghana’s representation at the ECOWAS Parliament. During parliamentary proceedings on Thursday, November 27, Speaker Bagbin informed the House, saying, “I am transmitting the complaint against the Minority Leader to the Privileges Committee and expect a report in due course.” He called on the Committee to handle the matter with fairness and decorum, urging Members of Parliament to avoid public commentary…
The Artisanal Small-Scale Miners Association in Obuasi has given the government, AngloGold Ashanti (AGA) Obuasi Mine, and the National Chief Imam a one-week deadline to take definitive action toward securing an authorised mining concession for its members. The group cautioned that it will be compelled to “take its own steps” if the stakeholders fail to address their demands within the timeframe. This ultimatum follows the January 18, 2025 incident in which nine residents lost their lives after soldiers assigned to protect the AGA concession allegedly fired at community members. Speaking to the media in Obuasi, the Association’s Secretary, Eugene Annan,…
Parliament has approved the Value Added Tax(VAT) Bill 2025, aimed at undertaking comprehensive tax reforms to enhance clarity, consistency, and legal certainty in the country’s VAT regime. The new bill seeks to replace the current flat-rate system with a single, coherent structure. It also introduces a provision to increase the registration threshold for VAT-eligible businesses, a move expected to exempt many micro and small enterprises from VAT obligations. However, debating the motion, the Minority Leader, Alexander Afenyo-Markin, cautioned that the revised VAT framework could impose additional taxes on businesses and place a additional burden on the general public. The Deputy…
The Majority in Parliament has called on the Speaker, Alban Bagbin, to declare the Kpandai seat vacant after the Tamale High Court annulled the constituency’s 2024 parliamentary election results. According to the caucus, Kpandai MP Matthew Nyindam must step aside from parliamentary duties until the rerun of the election is concluded. They argue that both the MP and Parliament have been duly served with the court’s ruling ordering a fresh election following a legal challenge, and therefore Nyindam should not continue to participate in the House’s proceedings. Speaking on the floor of Parliament, the Majority Chief Whip, Rockson Nelson Dafeamekpor,…
On Monday, 24th November 2025, the Member of Parliament for the Salaga-South Constituency, Hon. Hajia Zuwera Mohammed Ibrahimah, led a high-level delegation of investors to the palace of Yiram Kpembewura Banbange Ndefoso IV in Kpembe. The team was led by Mr. Alfred Mahama, elder brother of the President of the Republic of Ghana, together with a group of potential investors. The purpose of the visit was to officially inform the Kpembewura and his subjects of their intention to invest in large-scale agricultural development—particularly irrigation farming—within his traditional jurisdiction, with special focus on the Kafaba enclave. Mr. Alfred Mahama explained that…