The Ghana Gold Board (GoldBod) says it will procure a gold traceability system by the end of August to enable it to track all gold purchased from the mine through to export.
The Chief Executive Officer of GoldBod, Sammy Gyamfi, disclosed this when the Parliamentary Select Committee on Economy and Development paid a working visit to the institution as part of Parliament’s oversight responsibilities.
According to Mr. Gyamfi, the traceability system is expected to strengthen transparency and accountability across the gold value chain by allowing GoldBod to monitor the movement of gold from its source to the point of export.
He also briefed the Committee on the institution’s transformation from the Precious Minerals Marketing Company (PMMC) into the Ghana Gold Board, outlining its licensing framework, funding model, and the ongoing review of the Ghana Gold Board Act, 2025 (Act 1140).
The GoldBod CEO further highlighted initiatives aimed at promoting responsible mining, enhancing value addition, and improving regulatory oversight within the sector.
Mr. Gyamfi also updated the Committee on GoldBod’s partnerships with large-scale mining companies and the Board’s gold aggregation performance for 2025 and 2026, as well as its new trading model.
Chairman of the Parliamentary Select Committee on Economy and Development, Eric Afful, said the visit was intended to assess the impact of GoldBod’s operations on the economy, particularly in relation to gold trading, foreign exchange inflows, reserve accumulation, and value addition.
The Committee’s visit forms part of Parliament’s oversight role to evaluate the performance and strategic direction of key state institutions.
