In a small-scale mining town in Wassa Amenfi East Municipal, a group of gold buyers launched the Wassa Japah Gold Buyers Association (WAJAGBA).
The association aims to promote fair trade practices, ensure the safety of gold transactions, and advocate for gold buyers’ interests across the country.
The idea for the association was born out of shared concerns among gold buyers about the lack of regulation and standardization in the industry.
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Many had fallen victim to scams, counterfeit gold, and unfair market prices.
The founding members, led by Mr. Collins saw an opportunity to establish a unified voice for gold buyers and improve the overall trade.
The launch event was graced by traditional leaders of Japah (Nana Atta Baah), the Local Council of Churches, political leaders, and the Hairdressers and Tailors Association.
It was also attended by over 100 gold buyers, mining officials, and local authorities.
Nana Armah, the association’s chairman, emphasized the importance of transparency, accountability, and cooperation among members. “We want to create a safe and trustworthy environment for gold buyers and sellers to operate,” he declared.
The WAJAGBA’s objectives include establishing a standardized pricing system to prevent exploitation, creating a database of verified gold sellers to reduce fraud, and providing training and education on gold testing and authentication, advocating for policies that support the growth of the gold trade.
The association also plans to collaborate with traditional leaders, the Municipal Assembly, government agencies, mining companies, and international organizations to promote responsible and sustainable gold mining practices.
As the WAJAGBA gains momentum, it is expected to have a positive impact on the gold trade in Ghana, benefiting not only gold buyers but also the local economy and communities.