Minister for Finance, Dr Cassiel Ato Forson said Ghana is losing billions in revenue due to illegal transfer of gold, one of the country’s most valuable natural resources.

In his post, Dr. Forson emphasised the significant economic loss Ghana has endured, questioning the potential economic boost had that gold remained within the country’s economy.

“Imagine the impact if that wealth had stayed in our economy!” he said, underscoring the urgent need to curb illegal mining and smuggling activities that have long deprived the nation of crucial revenue.

To tackle this issue, Dr. Forson announced that he had met with officials from the UK-Ghana Gold Programme, a collaboration focused on severing the links between illegal artisanal gold mining and organised crime.

The programme aims to ensure Ghana benefits fully from its gold resources, while also combating the illegal trade that has been detrimental to the country’s finances.