Minister Trotman discusses Guyana Gold Board (Amendment) Bill 2019 with gold dealers and natural resources sector stakeholders at stakeholder consultation.
The Minister of Natural Resources Hon. Raphael Trotman, together with the members and officers of the Guyana Gold Board (GGB), held a consultation with gold dealers and mining organizations to discuss proposed 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. The session ended without there being any objection or concerns raised by the stakeholders about the amendments.
With this completed, the Minister will now present the bill to the Cabinet for approval and its eventual introduction into the National Assembly.