The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has called for stronger international collaboration to curb gold smuggling and promote responsible sourcing in the global gold supply chain.
Speaking at the 2025 Dubai Precious Metals Conference on Monday, November 24, Mr. Gyamfi highlighted that artisanal and small-scale mining (ASM) has become a major driver of Ghana’s economic recovery in 2025, contributing 90 tonnes of gold—about 53% of the country’s total gold exports—and generating over US$9 billion in foreign exchange.
He noted that the sector now supports over one million jobs, but warned that illegal and unregulated mining continues to threaten rivers, forests, and public health.
Mr. Gyamfi outlined reforms introduced by the newly established Ghana Gold Board, created under Act 1140, aimed at enhancing transparency in gold trading. These include strict licensing requirements, a competitive pricing system, and aggressive measures to combat gold smuggling.
He revealed that Ghana plans to roll out a blockchain-based Track and Trace system by the end of 2026 to ensure every gram of ASM gold is traceable to its mine of origin.
Describing gold smuggling as a major driver of money laundering and illicit financing, Mr. Gyamfi urged the international community to support the creation of a global certification regime—similar to the Kimberley Process for diamonds—to prevent smuggled gold from entering legitimate markets.
He emphasized that Ghana is ready to collaborate with the UAE, the DMCC, the World Gold Council, and other partners to strengthen supply chain integrity.
Additionally, the Ghana Gold Board is investing in modern assay laboratories, supporting anti-illegal mining operations, and backing sustainable mining initiatives to boost production while protecting the environment.
“AsM is not just about mining gold; it is about uplifting communities and safeguarding our environment,” he said, urging global partners to support developing countries committed to reforming the sector.
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