The Parliamentary Select Committee on Economy and Development has paid a working visit to the Ghana Gold Board (GoldBod) as part of its oversight mandate to assess the institution’s operations, achievements and future direction.
The visit was aimed at gaining insight into GoldBod’s contribution to Ghana’s economy, particularly in gold trading, foreign exchange inflows, reserve accumulation and value addition in the minerals sector.
Chairman of the Committee, Hon. Eric Afful, said the engagement was important in helping Parliament understand the impact of GoldBod’s activities and the role it plays in strengthening Ghana’s gold sector.
Welcoming the delegation, Chief Executive Officer of GoldBod, Sammy Gyamfi, Esq., outlined the institution’s transformation from the Precious Minerals Marketing Company (PMMC) into the Ghana Gold Board. He highlighted GoldBod’s licensing framework, funding model, the ongoing review of the Ghana Gold Board Act, 2025 (Act 1140), and measures being implemented to promote responsible mining, gold traceability and value addition.
Mr. Gyamfi also briefed the committee on GoldBod’s partnerships with large-scale mining companies, the Board’s gold aggregation performance for 2025 and 2026, as well as its new trading model aimed at improving efficiency within the gold value chain.
A major highlight of the meeting was the announcement that GoldBod will procure a gold traceability system by the end of August. The system is expected to enable the institution to track gold purchases from mining sites through to export, ensuring greater transparency and accountability in the sector.
The GoldBod CEO said the initiative forms part of efforts to strengthen responsible gold trading, enhance confidence in Ghana’s gold exports and improve monitoring across the country’s mineral value chain.
Story by Freedom Etsey Lavoe