The Ghana Gold Board’s (GoldBod) CEO, Mr. Sammy Gyamfi, has laid forth plans and reforms to optimize Ghana’s mining resources for the country’s benefit.
According to him, this would establish the nation as a value-adding and gold-producing continental center.
Speaking at the Maiden Mining and Minerals Convention in Accra, Mr. Gyamfi stated that in order for Ghana and other resource-rich countries in Africa to overcome poverty and underdevelopment, they must go beyond simple extraction and instead focus on preserving value.
Since GoldBod’s founding, he claimed, some progress has been made, showing that aggressive licensing changes, more regulatory controls, open pricing structures, and anti-smuggling initiatives have already increased gold exports.
Ghana exceeded the overall export output for the entire year 2024 with 66.7 tonnes of small-scale gold exports worth roughly US$6 billion between January and August 2025 alone.
A national gold traceability system would be implemented by the end of the year to guarantee that all gold comes from authorized and ecologically responsible mines, he added, outlining a number of measures to revolutionize Ghana’s mining industry.
Funding had been obtained to start recovering 1,000 hectares of degraded forest reserves by November 2025, and cars and GHS 5 million will be given to anti-illegal mining activities to bolster enforcement.
In order to attract up to US$1 billion in investment for over 300 responsible miners, he announced a new Mining Support Program.
He added that in order to promote Ghana as a continental center for jewelry and decorations, there are plans to build a “Gold Village” and a state-owned gold refinery with a state-of-the-art assay laboratory at Kotoka International Airport.
He called for audacious financing arrangements to promote the mining industry and asked regional financial institutions to support mining initiatives.
“Africa is ready to transform. Ghana is resetting, and Africa is rising,” he declared.
According to Mr. Gyamfi, the minerals industry needs to do more than just extract minerals; it needs to move from exporting raw materials to beneficiating them, and it needs to transform young people from workers into entrepreneurs, financiers, and owners.
Source: newsthemegh.com