The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has highlighted the institution’s central role in transforming Ghana’s gold industry, describing it as a strategic pillar established by President John Dramani Mahama to reform and streamline gold production.
Addressing delegates, Mr Gyamfi said the board was created with a clear mandate to “unlock new paths for Ghana’s prosperity and development.”
He noted that under Act 1140, the Gold Board holds exclusive authority to grade, assay, weigh, value, purchase, sell, and export all gold produced in the country.
“This strategic creature of law is reshaping the entire industry,” he emphasised.
Mr Gyamfi explained that the Act further grants the board pre-emption rights over gold from large-scale mining firms, as well as exclusive rights to gold from the artisanal and small-scale mining (ASM) sector.
“This is how we optimise national benefit,” he stated, adding that the framework ensures Ghana retains greater value from its natural resources.
He also reaffirmed the board’s commitment to curbing smuggling, promoting responsible sourcing, enforcing strict traceability standards, and supporting environmental reclamation and sustainability programmes.
“We remain committed to these responsibilities,” the CEO said. “Responsible sourcing is not just an ethical responsibility, it’s a legal demand on us.”