Goldbod Technical Committee Engages Stakeholders on Ghana Gold Board Framework

The Goldbod Technical Committee, led by the Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has held a crucial stakeholder engagement on Tuesday February 11, 2025 to solicit input on the legal framework for the soon-to-be-established Ghana Gold Board.

The meeting, which brought together key players in the gold industry, served as a platform for discussions on how to shape a robust and effective regulatory body to oversee Ghana’s gold sector.

Participants included representatives from the National Association of Small Scale Miners, Concerned Small Scale Miners Association, Chamber of Mines, Chamber of Bullion Traders, Jewellers and Gold Dealers Association, as well as civil society organizations (CSOs) in the extractive sector.

The engagement focused on gathering industry perspectives on the governance structure, operational guidelines, and regulatory mandate of the proposed Ghana Gold Board. Stakeholders emphasized the importance of establishing a transparent and inclusive institution that will not only enhance gold trade regulation but also promote responsible mining practices and curb illegal gold exports.

Speaking at the event, Sammy Gyamfi Esq. expressed the committee’s deep appreciation for the insightful contributions made by industry players.

He reassured participants that their recommendations would be carefully considered in drafting the legal framework for the Gold Board.

“This engagement is crucial in ensuring that the Ghana Gold Board is built on a strong foundation that serves the interests of all stakeholders in the gold value chain. We remain committed to further consultations to create a fit-for-purpose institution that enhances transparency, efficiency, and sustainability in Ghana’s gold sector,” Mr. Gyamfi stated.

Stakeholders called for a clear legal framework that provides adequate support for small-scale miners, ensures fair gold pricing, and addresses regulatory gaps in the industry. They also advocated for stricter enforcement of mining laws to eliminate illegal activities that undermine the sector’s growth.

The establishment of the Ghana Gold Board is part of broader efforts by the government to streamline gold trade, improve revenue mobilization, and ensure that Ghana fully benefits from its vast gold resources.

At the close of the meeting, the Goldbod Technical Committee reaffirmed its commitment to sustained dialogue with stakeholders in shaping a comprehensive and effective regulatory institution for the country’s gold industry.

Source: DailyDemocrat