April 12, 2026 (KHARTOUM) – The Sudan Gold Exporters Association (SGEA) is urging immediate government action to save gold exports and fuel imports, expressing concerns about “manipulation” and irregularities that jeopardize the national economy.
The group called for an open and detailed examination of the growing discrepancy between real gold output and reported export numbers.
The SGEA raised concerns about interference in gold exports by different groups, claiming this has led to the decline in the exchange rate and reduced the advantages of gold earnings for the population. Sudan depends significantly on gold revenues to finance the import of petroleum products to satisfy local demands.
In a press release issued on Sunday, Abdel Moniem al-Siddiq, Chairman of the Sudan Gold Export Authority (SGEA), stated that Sudan holds substantial gold resources that could have alleviated the economic crisis, especially with elevated global prices. Nevertheless, he pointed out that these earnings are not accurately represented in the national treasury.
Al-Siddiq urged the leader of the Sovereign Council and the Prime Minister to take immediate action to rescue the sector, stating that existing violations present a direct risk to the national economy.
He stated that although the country’s gold production surpasses 70 tonnes each year—with projected earnings exceeding $6 billion—official export reports from the Central Bank of Sudan (CBoS) indicate exports do not go beyond $2 billion. This difference prompts inquiries about what happens to the remaining funds.
The chairman blamed foreign exchange traders and “unethical people” for managing a significant share of production for personal profit, harming the economy and the general public.
Provided by SyndiGate Media Inc.Syndigate.info).
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