{"id":464875,"date":"2018-02-16T11:25:13","date_gmt":"2018-02-16T11:25:13","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/16\/foreigners-exporting-gold-illegally-solomon-autel\/"},"modified":"2018-02-16T11:25:13","modified_gmt":"2018-02-16T11:25:13","slug":"foreigners-exporting-gold-illegally-solomon-autel","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/16\/foreigners-exporting-gold-illegally-solomon-autel\/","title":{"rendered":"Foreigners exporting gold illegally &#8211; Solomon Autel"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Friday, 16 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>otecfmghana.com<\/p>\n<p>2018-02-16<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/11\/45363066.295.jpg\" alt=\"Gold Bars Pmmc\" title=\"Gold Bars Pmmc\" width=\"295\" height=\"164\" \/><span class=\"image_caption\"><span>The Ashanti Regional Gold buyers Association claims foreigners have taken over the gold business<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1518780313_484_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">President of the Ashanti Regional Gold buyers Association, Solomon Autel, has raised concern about the high rate of foreigners taking over the gold buying business in the country, and called on the authorities to check on their activities as they export the precious commodity illegally.<\/p>\n<p>According to him, the association has officially written petitions to the Mineral Commission complaining about the foreigners\u2019 take-over, especially the Indians, who are \u201cdestroying\u201d the business, but no action has been taken.<\/p>\n<p>Speaking in an interview with Otec News on Wednesday February 14, 2018, Mr. Autel said the inability of the Precious Minerals Marketing Company (PMMC) to buy gold for export because of lack of funds has given the Indians undue advantage, buying and exporting the gold without passing through the proper channel, which, to him, is causing the country a revenue loss in its tax collection.<\/p>\n<p>\u201cThese Indians in the gold buying business have huge capital bases so they can buy a lot of gold, at prices that we the local buyers cannot afford and export them without paying any export tax because their transactions do not pass through proper channel for the country to benefit,\u201d he complained.<\/p>\n<p>\u201cWe are therefore appealing to the government to halt their (Indians) activities, because their actions can collapse the local business and resource the PMMC to buy the gold for export,\u201d Mr. Autel appealed.<\/p>\n<p><!-- uploaded by: 43 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Friday, 16 February 2018 Source: otecfmghana.com 2018-02-16 The Ashanti Regional Gold buyers Association claims foreigners have taken over the gold business President of the Ashanti Regional Gold buyers Association, Solomon Autel, has raised concern about the high rate of foreigners taking over the gold buying business in the country, and called on [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":441577,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-464875","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/464875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=464875"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/464875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=464875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=464875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=464875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}