A recent report from a Swiss non-governmental organization (NGO) has implicated Senegal in the clandestine export of approximately 40 tonnes of gold between 2013 and 2022.
The findings suggest that an average of 4 tonnes of gold leaves the country illegally each year, contributing to a growing trend of illicit trade in the region.
The report emphasizes that this illegal gold trade has escalated significantly over the past decade, leading to substantial financial losses for Senegal, estimated to be in the billions of CFA francs.
These losses not only impact the country’s economy but also undermine regulatory efforts and contribute to a lack of transparency in the mining sector.
The NGO’s findings raise serious concerns about the implications of such activities on national revenue and governance.
The Senegalese government faces pressure to address these issues, as they could hinder economic development and compromise efforts to manage natural resources effectively.
The report calls for increased scrutiny and stronger regulations to combat illegal gold exports and protect Senegal’s economic interests.