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BOU gold purchase programme to lift artisan miners’ incomes
Gulyetonda said BOU is working to establish a formal domestic gold market that reflects global prices, encourages miners to formalise operations and improves access to financing.
Gold mining: A boy washes stone dust in search of gold nuggets at an open-pit gold mine. The central bank is set to beef up its gold reserves by buying from local miners.
By: John Odyek, Journalists @New Vision
KAMPALA - The Bank of Uganda’s (BOU) domestic gold purchase programme is expected to boost incomes for artisanal and small-scale miners and support employment in mining communities.
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