The Chief Executive Officer of GoldBod, Sammy Gyamfi, says the institution has achieved most of the milestones set to restructure Ghana’s gold trade sector.
Speaking on Ekosii Sen, he noted that significant progress has been made in bringing order to what was previously a chaotic system.
According to him, the establishment of GoldBod followed extensive consultations with stakeholders, in line with the President’s directive to ensure broad participation in reforming the sector.
Mr. Gyamfi explained that prior to the creation of the body, the gold trade was largely unregulated and fragmented. However, reforms—particularly in licensing—have helped streamline and centralise operations.
He added that the introduction of a single licensing regime has improved coordination and transparency within the industry.
Mr. Gyamfi emphasised that GoldBod will continue to drive the government’s vision of a more structured and efficient gold trading system.
“We have achieved most of the milestones we set for ourselves to reset the gold trade sector. It took a lot of hard work to get GoldBod into shape. The President urged us to collaborate with stakeholders, so we made sure to bring all parties on board.
“Prior to GoldBod, the gold sector was very chaotic, but we addressed these issues through licensing reforms to establish the Ghana Gold Board, which champions the President’s vision for the sector. We also adopted a consultative implementation approach with stakeholders. The first step was to streamline and centralise gold trade under GoldBod, ensuring we had only one licensing regime,” he said.
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