The Precious Minerals Marketing Company (PMMC) has noted that an incident occurred at the National Assay Centre, located at the Aviance Cargo Terminal, involving the National Organiser of the National Democratic Congress, Joseph Yamin.

According to a statement by the PMMC, Yamin led a mob to forcibly attempt to seize bullion bars being processed by the PMMC for the Central Bank of Ghana.

The said incident occurred on Tuesday, December 17, 2024, from 16:00 GMT, lasting till about 12 midnight.

The bullion bars in question are part of the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP), which is a key initiative to strengthen Ghana’s gold reserves and bolster the country’s economy.

The PMMC revealed that it had to involve the police after several hours of standoff after which it was agreed that the bullion bars be moved to the Greater Accra Regional Police Command for safekeeping until the matter is resolved.

The PMMC noted that a private exporter, who is duly licensed to carry out gold exports, was also affected by the disruption.

It described the event as “unfortunate,” adding that it disrupted lawful operations and created unnecessary tension.

"It is important to emphasize that a simple verification with the relevant authorities, including PMMC and the Bank of Ghana, would have clarified the legitimacy of the process and avoided such an embarrassing and damaging situation," parts of the statement read.

The company urged all stakeholders to act responsibly to protect the country’s economic interests and international credibility.

SSD/AE

Watch the latest edition of BizTech below:



Click here to follow the GhanaWeb Business WhatsApp channel