Impact Of Falling Gold Prices On Ghana�s Economy

The Chief Executive Officer of the Ghana Chamber of Mines, Dr. Toni Aubynn has been explaining the impact of the falling price of gold on the international market on the Ghanaian economy. Speaking to Radio Ghana, Dr. Aubynn said developing countries do not have control over the world price of gold but explained that it can be managed by restricting supply in order to increase demand. Dr. Aubynn lauded the efforts of the Presidential taskforce on mining to bring sanity into the industry. Dr. Aubynn said people who want to go into mining should follow due procedure so that they will not find themselves at the wrong side of the law.