The Goldbod Technical Committee, chaired by the Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi Esq., has held a crucial engagement with key stakeholders in Ghana’s gold industry to solicit input on the legal framework for the soon-to-be-established Ghana Gold Board.
The meeting, held in Accra, brought together representatives from various industry groups, including the National Association of Small-Scale Miners, the Concerned Small-Scale Miners Association, the Ghana Chamber of Mines, the Chamber of Bullion Traders, the Jewellers and Gold Dealers Association, and civil society organizations (CSOs) in the extractive sector.
The discussions focused on ensuring that the new Ghana Gold Board is structured to effectively regulate and streamline activities within the gold sector while promoting sustainable and responsible mining practices. Stakeholders shared concerns and recommendations on licensing, trade regulations, and oversight mechanisms to enhance transparency and efficiency in the industry.
Speaking at the meeting, Sammy Gyamfi Esq. emphasized the government’s commitment to building a well-regulated gold industry that benefits all players, particularly small-scale miners. He assured stakeholders that their contributions would be carefully considered in shaping the legal and operational framework of the Gold Board.
“The establishment of the Ghana Gold Board is a major step toward formalizing the gold sector, improving revenue mobilization, and curbing illegal mining activities. We are committed to working with all stakeholders to build a fit-for-purpose institution that will serve the best interests of the industry and the nation,” he stated.
The committee expressed its gratitude to all participants for their invaluable insights and pledged to continue engaging with stakeholders throughout the process. Further consultations and technical reviews will be conducted before finalizing the legal framework for the board’s establishment.
The Ghana Gold Board, once operational, is expected to play a pivotal role in regulating gold trading, ensuring compliance with international best practices, and maximizing the economic benefits of Ghana’s gold resources.
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