The Ghana Gold Board, popularly known as GoldBod, has officially been signed into law by President John Dramani Mahama, marking a historic moment for the country’s gold industry.
The bill, passed by Parliament on March 29, 2025, is the result of years of planning, consultations, and collaboration aimed at transforming Ghana’s gold sector.
The GoldBod initiative, first introduced as a campaign promise by President Mahama, is part of his administration’s broader economic revitalization agenda. It seeks to regulate the gold sector, streamline the buying and selling processes, and ensure that Ghana’s gold resources benefit the nation as a whole.
A Long Journey from Concept to Law
The journey toward GoldBod’s creation began with a vision to establish a structured and formalized framework for gold trading in Ghana. To lead this effort, President Mahama appointed Sammy Gyamfi, the NDC Communications Officer, as the acting Managing Director of the Precious Minerals Marketing Company (PMMC). His task was to operationalize GoldBod under the oversight of the Minister of Finance.
A broad, consultative approach was key to GoldBod’s development. Sammy Gyamfi held staff durbars and engaged with key stakeholders, including the Ghana National Association of Small Scale Miners, Ghana Association of Forex Bureau, and the State Interest and Governance Authority. These consultations helped shape the policies and strategies that would govern the initiative.
Source: Peacefmonline.com
