Ghana lost huge gold volumes via black market, Archbishop Duncan Williams reveals

Archbishop Nicholas Duncan Williams has shared a disturbing account of how Ghana allegedly lost substantial volumes of gold through illegal, black market channels. He recounted a revelation from years ago during a dinner with members of a ruling family in a powerful Middle Eastern country. During discussions about Ghana's gold, attendees informed him that the quantity of illegally sourced gold they had received far exceeded official export records. "They did say that the amount of illegal gold that they have received and recorded from Ghana was more than the one that was recorded by the country, the nation itself," Duncan Williams stated during a sermon at his Accra church. He further elaborated that the illicitly acquired gold was approximately three times the amount officially sold to that specific country by Ghana. The Archbishop expressed deep concern over the individuals orchestrating this illegal trade, describing them as "very, very powerful" with considerable financial clout. He noted that after the establishment of the Ghana Gold Board (GoldBod) and subsequent efforts to regulate gold trading and combat illegal mining, he received calls from individuals connected to the same Middle Eastern country. These individuals expressed concern over their diminished access to gold via the black market, with some inquiring about potential contacts within Ghana to help restore the supply. The sheer scale of money involved in these clandestine gold purchases was substantial, highlighting the significant economic drain on the nation.

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They did say that the amount of illegal gold that they have received and recorded from Ghana was more than the one that was recorded by the country, the nation itself.