Nobody knows how much Chinese are making - its jungle out there - whatever they make only Chinese know - but from an article I read - they are sending more yuan back home - than your gov revenues. Think about that. 50,000 Chinese!!!!!!!!!!!!!!

Illegal mining also results in huge sums of lost revenue. In 2016 alone, an estimated $2.3 billion worth of gold left the shores of Ghana through galamsey. The illicit trade avoids taxation and the prevalence of foreign actors means that profits typically flow out of the country

Just30:
The Chinese were just contractors on Ghanaians mining pits who receive their cut every months.

The next 5 largest gold exporters after Anglo gold in Ghana are all Ghanaian companies.


Too bad, Kenya does not have all these avenues to lift it citizens out of poverty.
All you can do is pick tea on Indian farms to receive 20kshs a day

zombie

rvp20182:
Me too. This is truly shocking. I tell you the little respect I had for them hobbits simply evaporated when I watched how Chinese have taken over. They dig right inside the forests. Can you imagine even cutting a tree in kenya forest

i thought Ghanaians had a little democracy..i saw some of their activists marching the other day..i don't get why they cant talk of ths exploitation...I know Kenya is not better but ths is too much

Igbosmoker:
Nigeria
South Africa
Egypt
Algeria
Kenya
Ghana

Best countries

Lol

The hobbits are hopeles...no wonder they shipped shiploads of slaves for century.

2017 - 5B dollar discrepancy in official gold export and actual exports.

Concerns about Chinese miners illegally exporting gold to the UAE have also emerged, with Akufo-Addo noting that there was a $5 billion discrepancy between trade statistics and actual gold exports in 2017.

mtisTheQubit:

i thought Ghanaians had a little democracy..i saw some of their activists marching the other day..i don't get why they cant talk of ths exploitation...I know Kenya is not better but ths is too much

rvp20182:
You want to borrow 2B dollars when you have all that GOLD. Chinese are sending back more gold than 2B dollars. If one illegal gold camp can make 10K dollars a day - then imagine what 100 camps can make..1M dollars. In one year - that is 3B dollars.

1 Million dollars a day would give you $365million in a year, not 3 billion dollars! The horror of a Kenyan bush education!

And to think you are the smartest little Indian here.
You better stop making a buffoon of yourself and employ just30 or j115 to teach you elementary maths.

Igbosmoker:
Nigeria
South Africa
Egypt
Algeria
Kenya
Ghana

Best countries

SA, Mauritius, Morocco, seychelles, Namibia, Tunisia, Algeria, Botswana

Check the HDI, or many other Indexes you will see

rvp20182:
The hobbits are hopeles...no wonder they shipped shiploads of slaves for century.

2017 - 5B dollar discrepancy in official gold export and actual exports.

Concerns about Chinese miners illegally exporting gold to the UAE have also emerged, with Akufo-Addo noting that there was a $5 billion discrepancy between trade statistics and actual gold exports in 2017.

Ghanaians should grow some nuts...

Here again, we go with your poor English comprehension and basic arithmetics.

50,000 Chinese. Assume each gold camp has 10 Chinese. You get 5,000 gold camps. If each is making 10K per day. That is 5B dollars per annum. I am only assuming 300 days..giving the Chinese enough days to bonk Ghanian women and get us chinko-ghanians to join african-americans while exploiting west Africa natural resources.

Exactly the difference btw the actual and official gold receipts - as per export statistics.

obaaderemi:
1 Million dollars a day would give you $365million in a year, not 3 billion dollars! The horror of a Kenyan bush education!

And to think you are the smartest little Indian here.
You better stop making a buffoon of yourself and employ just30 or j115 to teach you elementary maths.

rvp20182:
Nobody knows how much Chinese are making - its jungle out there - whatever they make only Chinese know - but from an article I read - they are sending more yuan back home - than your gov revenues. Think about that. 50,000 Chinese!!!!!!!!!!!!!!

Illegal mining also results in huge sums of lost revenue. In 2016 alone, an estimated $2.3 billion worth of gold left the shores of Ghana through galamsey. The illicit trade avoids taxation and the prevalence of foreign actors means that profits typically flow out of the country

you keep making noise

Whatever Chinese were making is a peasant to what the Ghanaian powers of those mines where making.

Cheap talk as no export takes place without clearance from the Bank of Ghana,
No tax were lost because as Ghanaian companies set up under the Ghana companies act and structuring themselves into large gold explorations are entitled to a 5 years tax break.

The Chinese provides equipment and receive their cut from their Ghanaian owners.

We Ghanaians are not dumb like Kenya who had handed the Indians all their farmlands.

3.Investigation into those illegal mines indicated that they are owned by Ghanaians 60 to 70% and 3.5 billion dollars came in through the Bank of Ghana clearance making lots of Ghanaians richer

mtisTheQubit:

No man,,your people are becoming poorer every day..

not according to facts

They never had cojones...gold cum slavery cum imf colony.

mtisTheQubit:

Ghanaians should grow some nuts...

rvp20182:
Any documentary evidence of that . The little respect I had for you guys just evaporated when I realize 50K Chinese long descended on your country and are busy taking away all the gold - leaving you with empty pits - poisoning your rivers - and the only legacy will be mosquitos.

There are plenty of investigative report on the owners of the mines
you will get them on youtube

Chinese smuggle all gold out of Ghana. Which is easy - because gold is small precious thing. They simply put the gold inside fish containers and once in China- the gold show up in the market - and when Chinese are asked from where - GHANA.

That is why there is the huge difference btw what Ghana reports as gold exports - and what countries like China, India, Dubai - report as gold imports from GHANA.

Remember the Nigeria-Benin rice import-export saga

You're very naive and dumb - which is no longer surprisingly. You're a ghanian.

Just30:
you keep making noise

Whatever Chinese were making is a peasant to what the Ghanaian powers of those mines where making.

Cheap talk as no export takes place without clearance from the Bank of Ghana,
No tax were lost because as Ghanaian companies set up under the Ghana companies act and structuring themselves into large gold explorations are entitled to a 5 years tax break.

The Chinese provides equipment and receive their cut from their Ghanaian owners.

We Ghanaians are not dumb like Kenya who had handed the Indians all their farmlands.

3.Investigation into those illegal mines indicated that they are owned by Ghanaians 60 to 70% and 3.5 billion dollars came in through the Bank of Ghana clearance making lots of Ghanaians richer

rvp20182:
Here again, we go with your poor English comprehension and basic arithmetics.

50,000 Chinese. Assume each gold camp has 10 Chinese. You get 5,000 gold camps. If each is making 10K per day. That is 5B dollars per annum. I am only assuming 300 days..giving the Chinese enough days to bonk Ghanian women and get us chinko-ghanians to join african-americans while exploiting west Africa natural resources.

Exactly the difference btw the actual and official gold receipts - as per export statistics.

there are no 5000 illegal gold camps here

your imaginations are just running wild

Do you need images hobbit?

Just30:
there are no 5000 illegal gold camps here

your imaginations are just running wild

Austine1212:


SA, Mauritius, Morocco, seychelles, Namibia, Tunisia, Algeria, Botswana

Check the HDI, or many other Indexes you will see

funny thing is most of these countries it's only whites or light skin that are enjoying.

Country like south Africa is still enslaved and controlled by whites

rvp20182:
Chinese smuggle all gold out of Ghana. Which is easy - because gold is small precious thing. They simply put the gold inside fish containers and once in China- the gold show up in the market - and when Chinese are asked from where - GHANA.

That is why there is the difference btw what Ghana reports as gold exports - and what countries like China, India, Dubai - report as imports from GHANA.

You're very naive and dumb - which is no longer surprisingly. You're a ghanian.

Not a single gold is smuggled out of Ghana

There is only a reporting difference between Bank of Ghana and the minerals commission because of lack of coordination



You are just dumb as usual

all containers receive opened inspection

Golds are not exported using the maritime trade but Airports.
Before anyone can export gold, they need clearance from Bank of Ghana and Minerals Commission

All Gold export receipts 90% remain in Ghana.


Speak with Facts

rvp20182:
Here again, we go with your poor English comprehension and basic arithmetics.

50,000 Chinese. Assume each gold camp has 10 Chinese. You get 5,000 gold camps. If each is making 10K per day. That is 5B dollars per annum. I am only assuming 300 days..giving the Chinese enough days to bonk Ghanian women and get us chinko-ghanians to join african-americans while exploiting west Africa natural resources.

Exactly the difference btw the actual and official gold receipts - as per export statistics.

You are truly shameless. And in addition, your maths sucks. How can 5000 camps making 10k dollars a day give you $5bn a year. Thats more like over $15bn a year, which by all means is silly.
This is what you said earlier:

rvp20182:

If one illegal gold camp can make 10K dollars a day - then imagine what 100 camps can make..1M dollars. In one year - that is 3B dollars.

Explain how 1 m dollars a day is $3bn a year, you fool.
A person with some shred of shame would keep quiet or use typo as an excuse. But you have to continue exposing your shamelessness.

Discrepancies is not internally - it's external. Ghana report their exports of gold. Other countries report their imports of gold. There is HUGE 5B dollars worth of gold out there that you don't export annually (officially). South Africa has no such issues.

Stop being an idiot.

Like Nigeria claiming to be self-sufficient - while Benin is drowning in rice imports from Thailand.

INTERNATIONAL TRADE

Just30:
Not a single gold is smuggled out of Ghana

There is only a reporting difference between Bank of Ghana and the minerals commission because of lack of coordination



You are just dumb as usual

all containers receive opened inspection

Golds are not exported using the maritime trade but Airports.
Before anyone can export gold, they need clearance from Bank of Ghana and Minerals Commission

All Gold export receipts 90% remain in Ghana.


Speak with Facts

rvp20182:
Do you need images hobbit?

Like is said

That is because, the Gold trading companies that exports those golds are not under the minerals commission of Ghana who collects Gold trade reports.

The Gold export companies reports to Bank of Ghana hence all the export data in with Bank of Ghana.

Igbosmoker:
funny thing is most of these countries it's only whites or light skin that are enjoying.

Country like south Africa is still enslaved and controlled by whites

Yall always get it wrong

Splitting hairs as usual.

obaaderemi:
You are truly shameless. And in addition, your maths sucks. This is what you said:

Explain how 1 m dollars a day is $3bn a year, you fool.
A person with some shred of shame would keep quiet or use typo as an excuse. But you have to continue exposing your shamelessness.

The source of discrepancies is not hopeless GHANA - it's Nikkei Asia financial study of gold imports to Asia.

Just30:


Like is said

That is because, the Gold trading companies that exports those golds are not under the minerals commission of Ghana who collects Gold trade reports.

The Gold export companies reports to Bank of Ghana hence all the export data in with Bank of Ghana.

Igbosmoker:
funny thing is most of these countries it's only whites or light skin that are enjoying.

Country like south Africa is still enslaved and controlled by whites

Check HDI n compare don't be lazy

rvp20182:
Splitting hairs as usual.

Your maths teachers failed you, little Indian.
How can $1m a day equal $3bn a year?

This error alone invalidates the nonsensical cheap shots you are throwing at just30. I wonder why the guy is going through the trouble of answering you with details. You are too stvpid. This is why I like coming for you. You are cheap.

rvp20182:
Discrepancies is not internally - it's external. Ghana report their exports of gold. Other countries report their imports of gold. There is HUGE 5B dollars worth of gold out there that you don't export annually (officially). South Africa has no such issues.

Stop being an idiot.

Like Nigeria claiming to be self-sufficient - while Benin is drowning in rice imports from Thailand.

INTERNATIONAL TRADE

you are dumb

All the countries and organizations that import Gold from Ghana pass through the bank of Ghana

So gold import receipt is not an external discrepancy as your dumb brain conjour

Ghana's minerals commission says Ghana exported 3 billion dollars worth of Gold

Bank of Ghana says it received all 6 billion worth of export trade from gold between 2013 and 2016 that were not accounted for in Ghana's trade report.

Just30:


Like is said

That is because, the Gold trading companies that exports those golds are not under the minerals commission of Ghana who collects Gold trade reports.

The Gold export companies reports to Bank of Ghana hence all the export data in with Bank of Ghana.

At least, going by their logic, Ghana is better than kenya. Hdi and per capita GDP of Ghana are both higher than that of Kenya.

How does you Central Bank tell which dollars are gold receipt and which aren't.

https://www.reuters.com/investigates/special-report/gold-africa-smuggling/

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found.

Customs data shows that the UAE imported $15.1 billion worth of gold from Africa in 2016, more than any other country and up from $1.3 billion in 2006. The total weight was 446 tonnes, in varying degrees of purity – up from 67 tonnes in 2006.

Much of the gold was not recorded in the exports of African states. Five trade economists interviewed by Reuters said this indicates large amounts of gold are leaving Africa with no taxes being paid to the states that produce them.

Just30:
you are dumb

All the countries and organizations that import Gold from Ghana pass through the bank of Ghana

So gold import receipt is not an external discrepancy as your dumb brain conjour

Ghana's minerals commission says Ghana exported 3 billion dollars worth of Gold

Bank of Ghana says it received all 6 billion worth of export trade from gold between 2013 and 2016 that were not accounted for in Ghana's trade report.

rvp20182:
The source of discrepancies is not hopeless GHANA - it's Nikkei Asia financial study of gold imports to Asia.

Nikkei pick the wrong report because they have no idea how Ghana resource export receipt reporting is like

According to ACEP, 6 billion dollars of Ghana Gold export was unaccounted for in trade data between 2013 and 2016 when they compared imports from all the gold buyers OF Ghana and the Minerals commission of Ghana.


The Small scale gold miners and export houses only report their export earnings to Bank of Ghana and not Ghana minerals commission according to law. Hence Bank of Ghana have provided their data to the finance ministry which indicated that all gold receipts were accounted for.


This correction in trade data reporting is what led to Ghana overtaking SA in Gold export in 2018

That may well be true - but Ghana like Nigeria are incredibly blessed - ought to be there with South Africa, Namibia, Algeria, Botswana. Kenya is basically barren...we have nothing...no gold..no diamond..no oil..not even enough arable land or rains...but look at us....way better than any west African jungle.

obaaderemi:
At least, going by their logic, Ghana is better than kenya. Hdi and per capita GDP of Ghana are both higher than that of Kenya.

Your smuggled gold show up in China, Dubai and India...and it them reporting there is 5B dollar more gold than you get paid for..don't even talk about Togo, Burkina Faso and other wilderness of west africa.

Just30:
Nikkei pick the wrong report because they have no idea how Ghana resource export receipt reporting is like

According to ACEP, 6 billion dollars of Ghana Gold export was unaccounted for in trade data between 2013 and 2016 when they compared imports from all the gold buyers OF Ghana and the Minerals commission of Ghana.


The Small scale gold miners and export houses only report their export earnings to Bank of Ghana and not Ghana minerals commission according to law. Hence Bank of Ghana have provided their data to the finance ministry which indicated that all gold receipts were accounted for.


This correction in trade data reporting is what led to Ghana overtaking SA in Gold export in 2018

rvp20182:
How does you Central Bank tell which dollars are gold receipt and which aren't.

https://www.reuters.com/investigates/special-report/gold-africa-smuggling/

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found.

Customs data shows that the UAE imported $15.1 billion worth of gold from Africa in 2016, more than any other country and up from $1.3 billion in 2006. The total weight was 446 tonnes, in varying degrees of purity – up from 67 tonnes in 2006.

Much of the gold was not recorded in the exports of African states. Five trade economists interviewed by Reuters said this indicates large amounts of gold are leaving Africa with no taxes being paid to the states that produce them.

That you are still talking at all shows the level of shamelessness of an average Kenyan.
You will not rest until you show
How $1m * 365 days= $3bn. Instead of $365m
Or
How 5000* 10,000 * 365 = $5bn instead of over $15bn

The horror of a Kenyan bush education!