Wednesday, 25 March

GoldBod engages small-scale miners in Kumasi to advance gold trading reforms

Business
Sammy Gyamfi seated at the forum

The Ghana Gold Board has held a stakeholder forum in Kumasi with small-scale miners as part of efforts to advance reforms in the gold trading sector.

At the meeting, the Chief Executive Officer of GoldBod, Sammy Gyamfi, outlined progress made so far, highlighted key challenges, and gathered feedback from stakeholders to inform the implementation of ongoing reforms.

A major focus of the engagement was the planned rollout of District Gold Buying Centres, an initiative aimed at improving access to structured gold markets for small-scale miners.

According to Mr Gyamfi, the centres are expected to enhance transparency in gold transactions, curb smuggling and underpricing, and ensure that miners receive fair value for their produce.

He noted that small-scale mining continues to contribute significantly to Ghana’s foreign exchange earnings, generating billions in revenue, and stressed the need to protect these gains through formalisation and effective regulation.

The CEO emphasised that the reforms are designed to build a more accountable, inclusive and resilient gold sector.

Participants at the forum were encouraged to actively contribute ideas and support the reforms to ensure their success.

 

GoldBod reaffirmed its commitment to working closely with miners and other stakeholders to strengthen the sector and promote sustainable growth.

Source: Classfmonline.com/Cecil MENSAH