The Otumfuo Commemorative Gold Coin is rolling out an initiative to ensure that gold sourced from all areas under his authority is responsibly mined and traded.
This aligns with the Corporate Social Responsibility (CSR) of the Otumfuo Commemorative Gold Coin project.
Officials of E ON 3 Group, the company that was given authorisation by the Bank of Ghana to mint the commemorative gold coin, said Otumfuo Osei Tutu II is not against gold mining but against illegal mining which continued to destroy the environment.
“Illegal gold mining (galamsey) continues to wreak havoc in the Ashanti Region, with water bodies and arable lands suffering unimaginable consequences.
“The Otumfuo Commemorative Gold Coin is rolling out an initiative to ensure sanity in the system by pursuing activities relating to responsible gold mining in Asanteman, in response to our Corporate Social Responsibility. Working with the Manhyia Palace, the move is key in assuring gold consumers and investors that the product they trade in has been responsibly produced and sourced,” a statement from E ON 3 Group said.
Access Bank is the official banking partner for the gold coin while GLICO and Coronation Insurance Company Limited are the official insurance companies.
Partners in the responsible gold mining initiative are, E ON 3 Group, Manhyia Palace, Ansong Askew, African Responsible Mining Company, Access Bank, KGL Group, Precious Minerals Marketing Company (PMMC), Gold Coast Refinery, GLICO, and Coronation Insurance Company Limited, supported by World Gold Council, Organisation of Economic Co-operation and Development (OECD), and PX Precinox.
Broader consultation
Consistently, the King had maintained a strong position against illegal gold mining and is taking this a notch higher by marshalling all forces to battle illegal gold mining activities in his domain.
The company said the Asantehene believes the talking had gone on for far too long and the time to act to salvage the situation is now.
