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PMMC debunks smuggled gold allegations

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PMMC debunks smuggled gold allegations

PMMC debunks smuggled gold allegations

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The Precious Minerals Marketing Company (PNMC) has debunked an allegation by the NDC’s National Organizer Joseph Yammin of secretly smuggling Gold out of the country.

“the allegation that the said bullion bars were being smuggled secretly out of Ghana by certain political actors is false”.

According to PMMC, they were assaying the Gold when Joseph Yammin led a mob to forcibly seize bullion bars being processed by the company for the Central Bank of Ghana.

PMMC stated that, the incident occurred at the National Assay Centre which is located at the Aviance Cargo Terminal.

PMMC in a statement mentioned that, the bullion bars belong to the Bank of Ghana as part of its ongoing Domestic Gold Purchase Program.

“The bullion bars were being assayed to confirm their weights, purity and consequently value.”

PMMC noted that, during the process of assaying, Joseph Yammin and his men disrupted the process.

“This unlawful action is deeply regrettable and has the potential to cause significant harm to Ghana’s reputation in the international bullion market”.

The statement added that, it has called on the police to move the bullion bars to the Greater Accra Regional Police Command for safekeeping.

PMMC further mentioned that, the private exporter who is duly licensed to carry out exports has been affected by the incident.

“it is important to emphasize that a simple verification with the relevant authorities, including PMMC and the Bank of Ghana, would have clarified the legitimacy of the process and avoided such an embarrassing and damaging situation

Read full statement below

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