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Business News of Wednesday, 15 September 2021


Ensure gold business flourishes – Duker charges new PMMC board

Deputy Minister for Lands and Natural Resources George Mireku Duker Deputy Minister for Lands and Natural Resources George Mireku Duker

The Deputy Minister for Lands and Natural Resources George Mireku Duker on Tuesday, 14 September, 2021, inaugurated a seven-member Board of the Precious Minerals Marketing Company (PMMC) to ensure that the business of Gold purchase in Ghana flourishes during their tenure in office.

Administering the inaugural address on behalf of the Sector Minister, Mr Duker urged the PMMC Board to work towards moving the company from its current state to a more appreciable level.

He urged the board to conduct themselves as such and move PMMC from where it is now to a different pedestal.

He acknowledged the challenges PMMC is facing as an institution, most especially, on the tax threshold fixed by the Ministry of Finance but indicated that, his confidence, regardless of the challenges, that the board will work collaboratively with management to deliver on the mandate assigned them.

Mr Duker further disclosed that negotiations are underway with the ministry of finance to find ways of leveraging the proposed tax to push the business of PMMC forward.

He further articulated his confidence in the board that, they will work assiduously to ensure among others, the menace of smuggling gold is curbed.

For his part, the Chairman of the Board, Kiston Akomeng Kissi, expressed his appreciation to the Deputy Minister on behalf of the board and promised to serve the administration and deliver results.

He also assured the Minister that in spite of the many challenges of the PMMC, they will collaborate closely with the Bank of Ghana to realise the dream of making Ghana the pillar around which the business of gold revolves.

The seven-member Board also include, Nana Akwasi Awuah, Komla Onny, Alhassan Abdallah Iddi, Mr. Benjamin Nii Ayi Aryee, Nana Adjoa Adobea Asante and Alhaji Amadu Kaleem.