Finance Minister demands tough action against Gold smuggling syndicates

Finance Minister Dr. Cassiel Ato Forson is calling for decisive and uncompromising action against individuals and criminal networks involved in gold smuggling, describing them as economic saboteurs whose actions are undermining Ghana’s financial stability and development prospects.

In a strongly worded social media post, Dr. Forson labelled the illicit trade a “nation-wrecking act” that has persisted unchecked for far too long.

“It is time for us to be decisive and ruthless towards those who are sabotaging the economy of Ghana,” he declared.

The Minister’s comments come in the wake of revelations that Ghana has lost an estimated $12 billion over the past decade due to gold smuggling. He warned that continued inaction could have severe consequences for the country’s economy, particularly in terms of foreign exchange earnings and fiscal stability.

“Ghanaians deserve better,” Dr. Forson said, underscoring that the fight against gold smuggling is not only an economic imperative but also a matter of national integrity and justice.

He argued that defeating the smuggling syndicates would allow the state to take full control of its gold resources and channel revenues into essential development initiatives.

“This is about protecting the future of Ghana. We cannot allow a few to rob the entire nation,” he added.

The Finance Minister’s remarks reflect a growing urgency within government circles to clamp down on illegal gold exports, which continue to drain public coffers and hinder efforts to stabilize the economy during periods of crisis.

Dr. Forson’s call is expected to strengthen support for ongoing initiatives, including the recent formation of a special task force and the enhanced operations of the Ghana Gold Board, aimed at tightening regulation and improving oversight of the gold trade.

Prince Antwi

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