Gold Board will revolutionize Ghana’s gold sector — Finance Minister

The Minister of Finance Dr. Cassiel Ato Forson has outlined the significant impact of the yet-to-be-established Ghana Gold Board.

Dr. Ato Forson noted that the initiative has the potential to revolutionize Ghana’s gold sector by streamlining gold purchases, trade, and exports while boosting value addition.

He made this statement in a social media post on Thursday, March 20, after presenting the bill to Parliament on Wednesday, March 19.

“This groundbreaking legislation will revolutionize Ghana’s gold sector—streamlining gold purchases, trade, and exports while boosting value addition.

“GOLDBOD will also strengthen the Bank of Ghana’s gold reserves and drive foreign exchange earnings, positioning Ghana as a powerhouse in the global gold market. A new era for our gold industry begins now!” he wrote.

The Ghana Gold Board is a state-owned institution mandated to regulate and promote the development of the gold industry in the country.

Its primary mission is to oversee the gold sector, ensuring that the industry operates in an orderly and sustainable manner while contributing to the country’s economic growth.

It will also play a central role in regulating the gold mining industry, fostering economic growth, and ensuring that Ghana’s gold resources are utilized efficiently and responsibly.