The Ghana Gold Board (GoldBod) CEO has appealed to world buyers to show their consideration to Ghana’s rising alternatives in gold refining, jewelry manufacturing, and worth addition.
Sammy Gyamfi, talking on the opening of the Mining In Movement Summit on the Kempinski Resort in Accra, mentioned Ghana’s gold business is now not centered on extraction alone, however on constructing an built-in, value-oriented provide chain that advantages Ghanaians.
“Foreigners could apply for a license from the GoldBod to ascertain refineries, jewelry factories, and different types of worth addition enterprises,” he introduced, stressing that the door is huge open for severe buyers able to companion with Ghana for mutual achieve.
Sammy Gyamfi mentioned Ghana is repositioning itself as not simply Africa’s main gold producer, however as a significant value-adding hub.
“We’re inviting the world to look past digging gold and be part of us in refining, processing, and producing world-class gold merchandise from Ghana,” he urged.
He highlighted latest legislative reforms and structural overhauls geared toward restoring order and profitability to the nation’s gold sector.
“For a few years, Ghana’s poorly regulated gold buying and selling sector denied the nation from reaping the total advantages of its wealthy gold useful resource,” he famous.
“This disconnect could also be likened to a butcher who’s starved of protein.”
The institution of the Ghana Gold Board, he mentioned, marks a turning level.
“GoldBod is the central state company mandated by regulation to supervise, regulate and undertake the shopping for, promoting, assaying, refining and exportation of gold,” he mentioned.
“It’s the sole purchaser and exporter of all artisanal small-scale gold in Ghana.”
In simply 4 months, from February to Might 2025, GoldBod has recorded gold purchases and exports from the artisanal small-scale mining (ASM) sector value over GH¢40 billion —about $4 billion.
“For the primary time, gold exports from the ASM sector have exceeded exports from large-scale mining,” Sammy Gyamfi revealed.
He added that in Might alone, GoldBod exported 11 tonnes of ASM gold, valued at $1.172 billion.
“This exhibits the nice prospects of the artisanal mining sector when correctly harnessed,” he mentioned, quoting President John Mahama: “Artisanal miners are usually not enemies of the state. When correctly skilled and supported, they are often allies of growth.”
The GoldBod has launched tighter controls to curb smuggling and enhance income seize. It has additionally launched a licensing regime overlaying each participant within the gold provide chain—from aggregators and refiners to exporters and transporters.
“All licensees are topic to a strict code of accountable sourcing and steady due diligence,” Dr. Mortoti mentioned, including that the framework aligns with anti-money laundering and counter-terrorism financing requirements.
Wanting forward, he introduced that GoldBod will roll out a digital traceability know-how earlier than the top of 2025.
“This may be sure that each gram of gold is traceable, from mine to market,” he mentioned. “It can improve market entry and enhance the worth of Ghana’s gold.”
Reaffirming Ghana’s openness to worldwide partnerships, Sammy Gyamfi mentioned: “International buyers can straight companion with Ghanaian aggregation license holders, or apply to off-take gold from GoldBod.
“However they have to work by means of correct authorized channels. The GoldBod Act prohibits foreigners from shopping for gold straight from the native market.”
In conclusion, he mentioned Ghana is on the cusp of a gold-led transformation and is able to construct a long-lasting financial impression with its companions.
“We’re not resting on our laurels. We’re decided to fly larger. This journey has simply begun.”
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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