The Goldbod Technical Committee, under the leadership of the Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi Esq., held a crucial stakeholder engagement today to gather insights and recommendations on the legal framework for the soon-to-be-established Ghana Gold Board.

The meeting brought together a diverse group of industry stakeholders, reflecting a broad spectrum of expertise and interests within Ghana’s gold sector. Participants included leaders of the National Association of Small-Scale Miners, the Concerned Small-Scale Miners Association, the Chamber of Mines, the Chamber of Bullion Traders, the Jewellers and Gold Dealers Association, as well as representatives from Civil Society Organizations (CSOs) operating within the extractive sector.

Objective of the Engagement

The primary goal of this consultation was to ensure inclusivity and transparency in shaping the governance structure and regulatory framework of the Ghana Gold Board. By soliciting views from key industry players, the committee aimed to design a robust institution that effectively oversees and supports Ghana’s gold mining and trading ecosystem. The discussions revolved around the challenges faced by small-scale miners, ethical sourcing of gold, market regulation, and the overall sustainability of Ghana’s gold industry.

Stakeholder Contributions and Next Steps

The engagement provided an opportunity for participants to voice their concerns, share insights, and propose solutions regarding the proposed regulatory framework. Stakeholders expressed optimism about the potential impact of the Ghana Gold Board, emphasizing the need for a balanced approach that promotes responsible mining, streamlines gold trade operations, and ensures fair value for all players in the sector.

The Goldbod Technical Committee extended its profound gratitude to all participants for their invaluable contributions. The committee reaffirmed its commitment to fostering an inclusive, well-regulated, and efficient gold industry. It assured stakeholders that this engagement was only the beginning of a continuous dialogue, promising further consultations as the framework for the Ghana Gold Board takes shape.

As Ghana moves closer to formally establishing this institution, continued collaboration between industry stakeholders and regulators will be essential in ensuring that the Ghana Gold Board serves as a transformative force for the country’s gold sector, enhancing both national revenue and sustainable industry practices.