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Ghana lost $11 billion to gold smuggling, links to UAE, report finds
Ghana is losing billions of dollars in revenue annually to smuggling from its booming artisanal gold mining sector with much of the gold flowing to the United Arab Emirates, according to a report by nonprofit Swissaid. The report found a staggering 229 metric ton trade gap, equivalent to $11.4 billion, between Ghana’s gold exports and corresponding imports over just five years, with most of the smuggled gold ending up in Dubai. “This is just the tip of the iceberg,” said Ulf Laessing, head of the Sahel program at Germany’s Konrad Adenauer Foundation, who analyses insurgency and artisanal mining operations in ... (full story)
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- Jun 16, 2025 3:47pm Posted byEntertainment325
