The Minister of Natural Resources Hon. Raphael Trotman today met with the Guyana Gold Board (GGB) along with gold dealers and mining organizations to discuss the amendments to the Guyana Gold Board Act.
During the meeting, the Minister made a presentation of the Guyana Gold Board (Amendment) Bill 2019 which seeks to amend the Guyana Gold Board Act, Cap. 66:01 and certain provisions of the Tax Act, Cap 80:01 in an effort to strengthen the regulating regime of the gold trade. This would, as a result, allow the successful execution of the provisions of the Act and therefore improve transparency, accountability and the efficiency of the GGB in carrying out its business in relation to the purchase and sale of gold.
After making his presentation, the Minister opened the floor to the gold dealers, stakeholders, and the GGB to have discussions on the bill for them to raise concerns and make necessary recommendations. After making note of the necessary comments the Minister closed the floor and thanked those present for being there.
With this completed, the Minister will now present the bill to the Cabinet for approval and its eventual introduction into the National Assembly.