The country is poised to revolutionise its gold sector with the rollout of a comprehensive digital traceability technology across the entire supply chain.
This ambitious initiative, spearheaded by the newly established Ghana Gold Board (GoldBod), aims to enhance market access, boost the value of the nation’s gold, and ensure every gram is responsibly sourced and fully trackable.
The announcement was made by the Chief Executive Officer of the GoldBod, Sammy Gyamfi, at the “Mining In Motion Summit”, held at the Kempinski Hotel in Accra on Tuesday, June 3, 2025.
Addressing a distinguished gathering including His Royal Majesty, Otumfuo Osei Tutu II, government officials, diplomatic corps members, and industry captains, the CEO highlighted the board’s rapid progress since its inception.
“Before the end of this year, the GoldBod will roll out a digital traceability technology for its entire supply chain,” the CEO declared. “This traceability system will enhance market access and value of the country’s ASM gold.
In the medium to long term, it will ensure that every gram of gold purchased by the GoldBod is traceable throughout its various custody points, all the way to the mine it was produced from.
Additionally, that mine must be a licensed mine engaged in legal, responsible and sustainable mining in accordance with the mining laws of Ghana and international best practices.”
This move comes as GoldBod reports unprecedented success in formalising Ghana’s previously fragmented gold trading sector.
Since February 2025, the GoldBod (which absorbed the Precious Minerals Marketing Company, PMMC) has purchased and exported 41.5 tonnes of Artisanal Small-scale Mining (ASM) gold, valued at approximately $4 billion USD.
This remarkable achievement, recorded between February and May 2025, marks the first time that gold exports from Ghana’s ASM sector have surpassed those from large-scale mining operations. In May 2025 alone, ASM gold purchases and exports by GoldBod hit a record high of 11 tonnes, generating a staggering $1.172 billion USD.
The CEO attributed these successes to tightened regulatory controls, an intensified fight against smuggling, and the deployment of effective aggregation systems that now mop up over 90% of all ASM gold in the country.
This has significantly boosted forex liquidity, contributing to the sustained appreciation of the Ghanaian Cedi and improving living conditions.
Beyond traceability, GoldBod is implementing a multi-faceted strategy to maximise the potential of the ASM sector, which President John Dramani Mahama has termed “allies of development” when properly trained and supported.
The GoldBod CEO extended an invitation to international partners, including the LBMA, the World Gold Council, the OECD, and the global investor community, to collaborate with Ghana in sustainable mining, responsible sourcing, and value addition, emphasising that “Ghana is ready! The Goldbod is prepared!!”
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