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Beware Association of Gold Exporters caution against scammers

The Chairman of the Gold Exporters Association Kwabena Asante Asare said the scammers are painting a bad picture of the industry.

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The Association of Gold Exporters has cautioned the general public and gold dealers especially against scammers in the sector.

In an interview with Accra-based Starr FM, the Chairman of the Association Kwabena Asante Asare said the scammers are painting a bad picture of the industry.

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“These scammers in the system are more than the genuine gold exporters and sometimes I tend not to blame the scammers….these are businessmen coming from outside with funds and if you come to Ghana and you say you want to buy 1 ton of gold or 1000kg, AngloGold Ashanti they don’t have that but then a small Ghanaian sitting in front of you and negotiating 1 ton of gold with you when market price is around $45,000.00 he is offering you $20,000 and you cannot even make that profit in Cocaine so is worst”.

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He cautioned potential gold dealers to be vigilant when dealing with gold dealers.

He said people interested in Gold transaction should contact recognised bodies to avoid falling victims to such people.

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