{"id":69684,"date":"2025-07-08T01:06:56","date_gmt":"2025-07-08T01:06:56","guid":{"rendered":"https:\/\/sotnews.agency\/?p=69684"},"modified":"2025-07-08T01:06:56","modified_gmt":"2025-07-08T01:06:56","slug":"mahama-attributes-cedi-stability-to-reforms-in-gold-trading-sector","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=69684","title":{"rendered":"Mahama attributes cedi stability to reforms in gold trading sector"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 40 Second <\/div>\n\n <\/div>
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President John Mahama has credited recent gains in economic stability, particularly the strengthening of the cedi, to reforms introduced in the country\u2019s gold trading sector as part of his administration\u2019s reset agenda.<\/p>\n

Speaking at a meeting with the Council of State at the Jubilee House on Monday, July 7, the President highlighted the strategic role the newly established Gold Board has played in streamlining the country\u2019s gold export industry.<\/p>\n

According to President Mahama, before the reforms, Ghana was losing significant value from its gold exports, receiving only about half of what it was due.<\/p>\n

\"Mahama<\/figure>\n
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\u201cWe had left a free-for-all in the gold trading industry, and this country was hardly benefiting. In times past, we received only 50% of what we should get from our gold exports,\u201d he said.<\/p>\n<\/blockquote>\n

He explained that the introduction of the Gold Board and accompanying legal measures, making it illegal for unauthorised persons to buy and export gold, have significantly improved returns from the sector.<\/p>\n