In a significant step towards formalizing Ghana’s gold sector, the Goldbod Technical Committee held a successful stakeholder engagement in Bolgatanga, Upper East Region, yesterday.
The meeting brought together small-scale miners, gold dealers, Chiefs, and other stakeholders to discuss the Goldbod initiative, which aims to enhance foreign exchange earnings and combat gold smuggling.
Led by Lawyer Sammy Gyamfi, Acting Managing Director of the Precious Minerals Marketing Company (PMMC), the committee’s efforts are part of a broader initiative to revitalize Ghana’s economy.
The initiative has already gained significant traction, with notable endorsements from Osei Kyei Mensah Bonsu and Steve Manteaw, among others.
The Goldbod initiative seeks to restructure the gold trading sector, ensuring that Ghana maximizes its benefits from gold resources. When established, the Goldbod is expected to mobilize foreign exchange and accumulate gold reserves to strengthen the Ghana cedi and economy.
The committee is currently working on drafting a legal framework and developing an operational structure for the Goldbod.
Stakeholders who attended the meeting expressed support for the initiative, citing its potential to stabilize the Ghana cedi and economy.