Ghana Gold Board Unveils Transformative Initiatives for Gold Industry
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has announced a comprehensive set of initiatives aimed at transforming the nation’s gold industry. Speaking at the Minerals and Minning Convention ar the Kempinski hotel in Accra ,he emphasized the board’s commitment to traceability, environmental sustainability, and responsible sourcing, aligning with the Organization for Economic Cooperation and Development (OECD) guidelines and international best practices.
A key initiative includes the introduction of a nationwide traceability system, ensuring that every ounce of gold purchased can be traced back to its verified source and extracted in an environmentally compliant manner. This move is part of GoldBod’s efforts to promote responsible mining practices and mitigate the environmental impact of gold mining.
In support of these initiatives, the board is donating five Toyota pickups and GH₵5 million to assist the National Anti-Legal Mining Task Force in combating illegal mining activities. Additionally, GoldBod has allocated significant funds for the reclamation of thousands of hectares of devastated forest reserves, with efforts set to begin in November.
Looking ahead, GoldBod plans to launch a public social responsibility policy in October 2025, which will support mining facilities, modern education, healthcare services, and scholarships. The board has also initiated a mining support program aimed at attracting direct investments, particularly for the acquisition of environmentally friendly mining equipment.
On August 22, 2025, GoldBod signed a memorandum of understanding with Stream Global TMCC, which is anticipated to evolve into a commercial agreement by November 2025. This partnership could secure up to $1 billion in investments to establish over 300 responsible mining operations in mineral-rich areas.
Collaboration with the Ministry of Lands and Natural Resources and its allied agencies will further enhance efforts to develop mineral resources, partnering with concession owners and communities to maximize Ghana’s gold output through sustainable mining practices.
These initiatives are poised to boost national gold production, create thousands of jobs within the mining sector, and contribute significantly to the country’s economic growth.
