Players in the gold trading sector have massively endorsed the establishment of the Ghana Gold Board (GOLDBOD) and its stated objectives and indicated this will be a positive game changer to the economy and fiscal space.
The GOLDBOD aims to streamline the gold trading sector, and the stakeholders made up of gold buyers, jewelers, bullion traders, small scale miners, licensed gold exporters, banks, and commercial mining firms in the Western Region among others, believe it will yield maximum benefits for the country, particularly, in foreign exchange, stabilizing the Cedi, and accumulating more reserves.
At a forum organized by the Precious Minerals Mining Company (PMMC) in Tarkwa on Friday, March 14, 2025, the gold dealers expressed optimism about the GOLDBOD’s potential and urged the government to fast-track its establishment.
However, they cautioned the government to ensure to ensure fair representation of players in the gold trading sector on the governing board. They also called for the inclusion of traditional leaders and members from academia on the board.
Godwin Nickleson Amarh, General Secretary of the Ghana National Association of Small Scale Miners (GNASSM) and a member of the GOLDBOD Technical Committee told the gathering that much as they fully support the establishment of the GOLBOD, they are particularly, concerned about degraded lands. He assured that they would collaborate with the GOLDBOD to ensure that all degraded lands are restored.
Credit: Ghananewsonline