Ghana's gold sector informality challenges
Ghana's gold sector has had issues with informality, weak controls, and inconsistent valuation. The water density method, though inexpensive, was highly susceptible to error and manipulation, including introduction of tungsten cores.
Systemic mispricing and revenue leakage for aggregators and state reserves.
Led to the creation of GoldBod and the push for precise, tamper-resistant testing methods.
The XRF mandate is a direct response to these long-standing vulnerabilities, aiming to bring structure and accountability.
