The Ghana Gold Board (GoldBod) has intensified efforts to formalize and strengthen the nation’s gold sector by engaging small-scale miners in Kumasi on critical trading reforms and the upcoming rollout of District Gold Buying Centres.
At a well-attended stakeholder forum, GoldBod CEO Sammy Gyamfi provided a comprehensive briefing on the progress of ongoing initiatives, highlighted challenges confronting the sector, and sought valuable input from miners and industry stakeholders. The forum underscored the Board’s commitment to collaborative policy implementation and inclusive dialogue with the very actors shaping Ghana’s gold industry.
Speaking at the event, CEO Gyamfi emphasized that the establishment of District Gold Buying Centres is a strategic move to enhance transparency, curb gold smuggling, and address the underpricing of locally mined gold. “These centres are designed to bring structured gold markets closer to miners, ensuring fair pricing and accountability while protecting Ghana’s economic gains from small-scale gold production,” he stated.
Small-scale gold mining has seen significant growth in recent years, contributing substantially to the nation’s foreign exchange earnings. Recognizing this, GoldBod is focused on formalising the sector, creating avenues for sustainable mining, and fostering responsible business practices that benefit both miners and the national economy.
The initiative reflects the Board’s broader vision of building an accountable, inclusive, and resilient gold sector in Ghana. By combining regulatory oversight with community engagement, GoldBod aims to safeguard the livelihoods of miners while strengthening the country’s position in the global gold market.
As Ghana continues to harness its mineral wealth, GoldBod’s reforms signal a decisive step towards structured gold trading, enhanced market integrity, and sustainable growth within the small-scale mining industry.
