The Ghana Gold Board (GoldBod) has begun stakeholder consultations on a proposed programme aimed at formalising and providing financing support to artisanal and small-scale mining operations ahead of its planned implementation in 2027.
The proposed Artisanal and Small-Scale Mining (ASM) Formalisation and Financing Support Programme seeks to strengthen regulation, promote responsible mining practices and improve the sustainability of Ghana’s small-scale mining sector.
The consultations, led by GoldBod’s Deputy Chief Executive Officer, Richard Nunekpeku, Esq., brought together representatives of key mining and gold-trading associations to examine the proposed framework and provide industry input before it is submitted for Cabinet and parliamentary consideration.
Among the participating groups were the Ghana National Association of Small-Scale Miners (GNASSM), Concerned Small-Scale Miners, Hard Rock and Underground Miners, the Ghana National Association of Gold Traders and the Chamber of Gold Buyers.
Mr Nunekpeku stressed the importance of stakeholder participation in shaping the programme, explaining that contributions from miners and other industry players would help refine the proposal before it proceeds through the necessary policy and legislative processes.
GoldBod’s Director for Responsible Mining and Sustainability, Professor Ishmael Quaicoe, also outlined the proposed policy framework, explaining its key components, objectives and implementation approach.
The initiative is being developed in line with Section 2(f) of the Ghana Gold Board Act, 2025 (Act 1140), which mandates GoldBod to promote the formalisation of the small-scale mining industry through responsible gold sourcing, sustainable supply chains, traceability and compliance with international best practices.
According to GoldBod, formalising the sector is critical to improving accountability throughout the gold supply chain, strengthening responsible sourcing and ensuring that small-scale mining activities operate within an organised and traceable framework.
The Board disclosed that further consultations would be held with other relevant institutions, including the Minerals Commission, Ministry of Lands and Natural Resources, Minerals Income Investment Fund (MIIF), Environmental Protection Authority and Water Resources Commission.
The engagements are expected to help refine the proposed programme by incorporating views from key stakeholders as GoldBod works towards its planned implementation in 2027.
By: J.W. Quaarm
