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GoldBod is advancing a series of reforms aimed at transforming Ghana’s gold sector, with a strong focus on direct engagement with small-scale miners and the establishment of District Gold Buying Centres nationwide.
Speaking at a stakeholder forum in Kumasi, the Chief Executive Officer, Sammy Gyamfi, outlined both the progress made and the challenges encountered in the reform process, while also inviting input from miners to ensure effective implementation.
The initiative seeks to enhance transparency within the sector, curb gold smuggling and underpricing, and decentralize access to structured gold markets by bringing them closer to mining communities.
In recent years, small-scale mining has expanded considerably, contributing substantial foreign exchange earnings to the national economy. The ongoing reforms by GoldBod are intended to safeguard these contributions by formalizing operations and promoting stronger collaboration between miners and regulatory authorities.
According to Sammy Gyamfi, the reforms are geared towards building a gold sector that is more accountable, inclusive, and resilient, ensuring that both miners and the broader economy derive sustainable benefits from the country’s mineral wealth.
The introduction of District Gold Buying Centres is expected to play a pivotal role in fostering trust, ensuring fair pricing, and reinforcing Ghana’s competitiveness in the global gold market.
Source:Omanghana.com
