The Precious Minerals Marketing Company (PMMC) accuses Joseph Yamin, NDC National Organiser, and others of attempting to seize bullion bars.
The Precious Minerals Marketing Company (PMMC) has accused Joseph Yamin, the National Organiser of the National Democratic Congress (NDC), and others of attempting to interfere with bullion bars belonging to the Bank of Ghana (BoG).
The PMMC made this disclosure in a press statement issued on Wednesday, 18th December, following an incident that occurred on Tuesday, 17th December.
According to the statement, the bullion bars in question are part of the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP), a key initiative aimed at strengthening Ghana’s gold reserves and bolstering the country’s economy.
The PMMC revealed that the interference led to a standoff, which required the intervention of the Police. After several hours, it was agreed that the bullion bars be transferred to the Greater Accra Regional Police Command for safekeeping while efforts were made to resolve the issue.
The PMMC also noted that a private exporter, who is duly licensed to carry out gold exports, was affected by the disruption. The gold in the exporter’s possession was being processed for export when the incident occurred.
The company described the event as “unfortunate,” stating that it disrupted lawful operations and created unnecessary tension.
In its statement, the PMMC condemned the incident, calling it an “unlawful action” that could damage Ghana’s international reputation in the bullion market. The company warned that such disruptions undermine the confidence of international gold buyers and pose a risk to Ghana’s standing as a trusted player in the global gold trade.
The PMMC urged all stakeholders to act responsibly to protect the country’s economic interests and international credibility.
“The Precious Minerals Marketing Company (PMMC), which by law acts as the National Assayer, has noted with deep concern an incident at the National Assay Centre located at the Aviance Cargo Terminal, where a mob led by a gentleman who identified himself as Mr. Joseph Yamin, the National Organiser of the National Democratic Congress (NDC), forcibly attempted to seize bullion bars being processed by PMMC for the Central Bank of Ghana.”
“The incident occurred on Tuesday, 17th December 2024, between the hours of 16:00 GMT and lasted until about midnight.”
Read full statement below:
