Bright Simons pokes holes in GoldBod's trading, links export gains to higher gold prices

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Jay in London 10 months ago

Your last statement of giving the Golgbod the benefit of the doubt suggests that you have no hard evidence.

I saw Bright Simons debating on the international stage and a panalist dent holes in his style of argument.

You ...
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Your last statement of giving the Golgbod the benefit of the doubt suggests that you have no hard evidence.

I saw Bright Simons debating on the international stage and a panalist dent holes in his style of argument.

Your point seems to be to leave the gold market to the private sector.

Having been that what we have been doing time immemorial?

If Bright has any ideas, give them to the government and STOP being THE TOP CRITIC IN GHANA.
jesus 10 months ago

All that this IMANI boy and his master do is criticize, whether NPP or NDC. They hardly ever offer any viable and sensible alternatives. The fact the price of gold has gone up does not mean the increase in our export of the c ...
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All that this IMANI boy and his master do is criticize, whether NPP or NDC. They hardly ever offer any viable and sensible alternatives. The fact the price of gold has gone up does not mean the increase in our export of the commodity was not a planned or policy effort by the GOLD BOARD. If Bright Simons and his boss are so smart, why don't they set up their own companies, run them with their 'smart' ideas and let others do what they have been appointed to do. At the end of the day, Ghanaians will hold their appointees to book.
The Spear 10 months ago

What do you think he's doing?

First, he's not actually critiquing Golgbod, he's holding them accountable in case there's dishonesty in their info dissemination concerning the volume of Gold exports when they don't hold mo ...
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What do you think he's doing?

First, he's not actually critiquing Golgbod, he's holding them accountable in case there's dishonesty in their info dissemination concerning the volume of Gold exports when they don't hold monopoly of all exports.
He then addresses how they can reset this through the re-issuance of licenses and general management oversight per the new laws in vigor, and that only then could they aptly give accurate information on exactly how much Gold was export, IF all exports were going from Golgbod.

Everyone needs his little contributions when they matter. But in Ghana, you're condemned on your opinions or lack thereof, and we're seeing this even more after NPP loss. It is of much interest how people admire the erstwhile government chronic robbery and stewardship of this country and never opened their mouths because their families profit.

Why should any normal human not understand that it is horrible for Ghana to have all these resources while the governments hurtle each time to the IMF for cash to even pay workers, our road network remains very bad and hungry countrymen continue to exist.
Don 10 months ago

Mr. Know it all, hmm!!

Mr. Know it all, hmm!!
ABOBOYAA 10 months ago

If the Goldbod can eliminate to the minimum, the other buyers in the market especially the foreigners, and becomes the sole buyer, and caps its administrative costs or reduces this cost to a minimum, i don't see why it should ...
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If the Goldbod can eliminate to the minimum, the other buyers in the market especially the foreigners, and becomes the sole buyer, and caps its administrative costs or reduces this cost to a minimum, i don't see why it should not succeed. It could even become more efficient than cocobod whose staff and V8s are more than the cocoa beans which it buys. Bright, if you have any ideas to make this work you are obligated to share it with the Goldbod. It should not be about criticisms and criticisms forever!!!!!
Joko 10 months ago

He has not a single idea about anything, he is fooling around fir Bawumia his friend who is just as empty as he is. We saw more that what he is doing in Bawumai.Empty barrels!!

He has not a single idea about anything, he is fooling around fir Bawumia his friend who is just as empty as he is. We saw more that what he is doing in Bawumai.Empty barrels!!
Donald T 10 months ago

Let’s learn to take criticism in good faith

Let’s learn to take criticism in good faith
Gladdy 10 months ago

This guy pretends to know everything under the sun.I pray Mahama should give him the chance to serve in government and he would see his smoothness level like Bawumia failed woefully and led to his disgrace

This guy pretends to know everything under the sun.I pray Mahama should give him the chance to serve in government and he would see his smoothness level like Bawumia failed woefully and led to his disgrace
Joko 10 months ago

Mahama will not give him any appointment. He has given his self a job already ie critiquing everything good, he should continue with that. Bawumia did more than that so we know how he will perform already.

Mahama will not give him any appointment. He has given his self a job already ie critiquing everything good, he should continue with that. Bawumia did more than that so we know how he will perform already.
Nana 10 months ago

Pessimist! I dnt for my life see why any will minded good meaning Ghanaian will hv issues with the establishment of Goldbod ..

it is the most ever important intervention by any government since independence.

Reading S ...
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Pessimist! I dnt for my life see why any will minded good meaning Ghanaian will hv issues with the establishment of Goldbod ..

it is the most ever important intervention by any government since independence.

Reading Simon’s comment, it’s clear he is coming from a defeatist doom angle rather than acknowledging the importance and vast benefits of the establishment before mayb suggesting views to make it more effective.

I’m utterly disappointed… must we alway find fault???

Bugbaba 10 months ago

we are seeing who you really are.

we are seeing who you really are.
Kojo Menkah, Bremen. Germany 10 months ago

Will he have found those holes if the situation had been the reverse? If you don't have any tangible reasons then stop being a critic because it is not Bawumia who is in power. Don't worry God bless GH

Will he have found those holes if the situation had been the reverse? If you don't have any tangible reasons then stop being a critic because it is not Bawumia who is in power. Don't worry God bless GH
SON OF GOD 10 months ago

Must you criticise every activity of the government in power because you are npp in opposition.
Help to perfect the loop holes you see to make Goldbod better.
Thanks

Must you criticise every activity of the government in power because you are npp in opposition.
Help to perfect the loop holes you see to make Goldbod better.
Thanks
Stone 10 months ago

So, what? Higher gold prices; enti dien? Na und?

So, what? Higher gold prices; enti dien? Na und?
Korbla 10 months ago

Pessimist Bright Simmons pls channel your 'super advice' to the Goldbod if you want Ghana to be a better place. Now, we tire for u !!!!

Pessimist Bright Simmons pls channel your 'super advice' to the Goldbod if you want Ghana to be a better place. Now, we tire for u !!!!
Nii Amarteifio 10 months ago

Bright Simon's , have you don't have anything to say, just shut up. You are not talking to kids

Bright Simon's , have you don't have anything to say, just shut up. You are not talking to kids
Dani 10 months ago

They think they have sence of everything.your people just leave why dont you use your so called expect to help them .kwasia kwa.thieves in cout .let the real ghanians work and shurt up your filty mouth

They think they have sence of everything.your people just leave why dont you use your so called expect to help them .kwasia kwa.thieves in cout .let the real ghanians work and shurt up your filty mouth
Sense 10 months ago

All book economist same level as Bawumia

All book economist same level as Bawumia
Blaise mwinkyebakangbuobukaraa 10 months ago

It's unfortunate and very unfair politicians are always at all time misleading and making trends look to be the machinations of their's to score cheap political goals which do not truly serve to alleviate the suffering of the ...
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It's unfortunate and very unfair politicians are always at all time misleading and making trends look to be the machinations of their's to score cheap political goals which do not truly serve to alleviate the suffering of the people.

It's particularly worrying that there are no decent voices to speak about the negative attitude emerging from the long sufferings Ghanaians have had to endure under myopic minded politicians in Ghana.

Some politicians may have built one or two roads and buildings, but what could be seen happening in Ghana is that the long sufferings the people are going through is changing Ghanaians moral fabric.

Whatever the Ghanaian attitude is today is a reflection of the bad attitudes that have existed at the top of leadership and permeated to the lower innocent Ghanaians.

Atleast the decency to question this is necessary to restore the good behaviour of the Ghanaian again.

When leaders try to paint black to be white, it will permeate down to children and change the good nature of the Ghanaian.

If some people got $4.6billion from 66tons gold last year and another got thesame $4.6billion from less tonage, it calls to question that, either prices have changed or some people pocketed some of the proceeds from the sale of the gold.

Going forward, things like what gold quantity has been realised from the sources should be published and tracked in subsequent publications, otherwise, it leaves room for thievery festering continously, whereas people are suffering and dying while entitled to the same resources others are enriching themselves with.

The Arab countries are availing the proceeds to their people, of these resources their grandfathers resisted in their struggle to preserve for their grandchildren just like our grandfathers did for us. But for our own, our privileged elected and maneuvered servants are not servants but always constantly upto a certain ploy to mislead to look good when they are not.

What a country! Where indecency is largely the order of the day, churning out mischief. I have always thought those who have travelled to see the good attributes and behavior of the developed countries should atleast have an iota of decency but those are the worse.

It's terrible.
Hannan 10 months ago

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Kwame 10 months ago

So what!!!!!

So what!!!!!
Andrew 10 months ago

We had the highest gold price surge under the NPP so you cannot be right on this. Gold price has gone up as high as ¢12800 under the NPP but Ghana never made this gains

We had the highest gold price surge under the NPP so you cannot be right on this. Gold price has gone up as high as ¢12800 under the NPP but Ghana never made this gains
Nii 10 months ago

Bright you are becoming something else and I don't know what want. Do you have to comment in everything. They should give you a position and we will see how you will fare. It seems you know everything but.....

Bright you are becoming something else and I don't know what want. Do you have to comment in everything. They should give you a position and we will see how you will fare. It seems you know everything but.....
King 10 months ago

Thank you Bright Simmons for putting government on it toes

Thank you Bright Simmons for putting government on it toes
world 10 months ago

if you put a thief,liar and propagandish infront of you,that is what you get.sammy gyamfi.

if you put a thief,liar and propagandish infront of you,that is what you get.sammy gyamfi.
Bismarck Appiah kubi 10 months ago

Who cares ?
Is Ghana making money?
Yes ?
Good !

Who cares ?
Is Ghana making money?
Yes ?
Good !
Skido 10 months ago

Imani or whatever are only experts in criticizing people’s innovations but have never taken the prerogative in muting any ideas for the development of the country. The press should stop giving them any attention. Noisy orga ...
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Imani or whatever are only experts in criticizing people’s innovations but have never taken the prerogative in muting any ideas for the development of the country. The press should stop giving them any attention. Noisy organization
Give credit where it's due 10 months ago

The Golbod creation is truly a game changer and the NDC govt must be commended for it. Though NPP initiated the PMMC, it wasn't far reaching enough. Anyone rubbishing the Golbod's achievement is not being objective

The Golbod creation is truly a game changer and the NDC govt must be commended for it. Though NPP initiated the PMMC, it wasn't far reaching enough. Anyone rubbishing the Golbod's achievement is not being objective
Doug 10 months ago

So what? Every one knows policy alone doesn't drive markets. It's an enabler.Your argument is misplaced and insults the intelligence of the Ghanaian.

So what? Every one knows policy alone doesn't drive markets. It's an enabler.Your argument is misplaced and insults the intelligence of the Ghanaian.
Salissou Arouna Ahmed 10 months ago

Your integrity is stain in mud. You once was a fine gentleman until you sold your conscience for political propaganda .

Your integrity is stain in mud. You once was a fine gentleman until you sold your conscience for political propaganda .

Kofi 10 months ago

Mr Bentil does not know what he is talking about. No private company has been allowed to ship gold for export since somewhere in 2024. Therefore every buyer trades with pmmc or Goldbod. The difference however is that in 2024 ...
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Mr Bentil does not know what he is talking about. No private company has been allowed to ship gold for export since somewhere in 2024. Therefore every buyer trades with pmmc or Goldbod. The difference however is that in 2024 some of the foreigners were allowed to purchase and then pmmc would export for them. That gave them the opportunity to dictate price at black market rates and also declare a small quantity for export whilst the large portion was smuggled out. They had 30 days within which to repatriate the forex for each export hence they could play games. In the current dispensation all foreigners have been barred from the local purchases and pmmc/ Goldbod has been using local buyers who don’t have the option of exporting and hence have no control on the forex. Pmmc or Goldbod does export solely and repatriates the forex in less than 72hours

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Bright Simons pokes holes in GoldBod's trading, links export gains to higher gold prices

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