President John Dramani Mahama has initiated the establishment of the Ghana Gold Board (GoldBod) as part of his administration’s economic revitalisation agenda. The board, a key promise in the National Democratic Congress (NDC) 2024 manifesto, aims to regulate and market the country’s gold resources for national benefit.
To spearhead the initiative, Mahama has appointed NDC Communications Officer Sammy Gyamfi as the acting Managing Director of the Precious Minerals Marketing Company (PMMC). Gyamfi has been tasked with setting up and operationalizing GoldBod under the supervision of the Minister of Finance.
Strengthening Ghana’s gold sector
The Ghana Gold Board is expected to play a pivotal role in formalising the small-scale gold mining sector, ensuring better regulation, and providing support services for industry players. This initiative aligns with the Mahama administration’s broader strategy to strengthen the extractive sector and optimise revenues from gold exports.
A statement from Presidential Acting Spokesperson Felix Kwakye Ofosu, issued on Thursday night, highlighted GoldBod’s role in enhancing transparency and sustainability in gold management. ‘The board will ensure the effective marketing and management of Ghana’s gold resources for the benefit of all Ghanaians,’ the statement read.
Sammy Gyamfi’s expertise in mining and policy
Sammy Gyamfi, a lawyer and economic policy analyst, brings extensive experience to his new role. He holds a BSc in Environmental Science and a Bachelor of Law from Kwame Nkrumah University of Science and Technology (KNUST), as well as a Barrister at Law certificate from the Ghana School of Law. He also has a Master’s degree in Economic Policy Management from the University of Ghana and executive certifications from the Harvard Kennedy School.
Gyamfi has previously worked with Ghanaian mining firm Exton Cubic Group Limited and is widely known for his role as the NDC’s National Communications Officer. His appointment signals the government’s commitment to professionalising the gold sector and ensuring effective oversight.
With Ghana being Africa’s leading gold producer, the establishment of the Ghana Gold Board is expected to boost investor confidence and improve regulation in the industry.
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