Article written by Prince Kwame Minkah
Goldbod appears to be the country’s attempt to deal the cyclical fall of the cedi . Leadership they say is cause and all other are effects . This novelty , Goldbod has already gained grounding even before it begins operations widely because of the nature of stakeholder engagements that have gone on.
These engagements were so effective that, it is evidenced in the constitution of the Goldbod Act 1144. For instance, the Chairman of Ghana Extractives Transparency, Dr Steve Manteaw is quoted to have said , the inclusive approach adopted in developing the law significantly reduced opposition and controversy.
He noted that when policymakers proactively engage stakeholders, it fosters consensus and minimises acrimony.
Dr Manteaw cited the Petroleum Revenue Management Act (PRMA) as another example of legislation that benefited from broad CSO support.
All these have become possible because of the leadership that is driving this initiative. The CEO for Goldbod , Sammy Gyamfi (ESQ ) believes, the GoldBod initiative prioritizes transparency, sustainability, value addition and stakeholder collaboration to strengthen Ghana’s position in the global gold market for economic transformation.
“Together with our stakeholders, we are building a world-class trading organization for precious minerals that fosters sustainable growth and transformation in line with the vision of H.E. John Dramani Mahama, President of the Republic of Ghana”.
The leadership that will make Goldbod succeed lies with vision bearer through to the CEO, whose understanding of the industry has set the initiative in motion even before operationalization .
Ghana parliament is united about the potential success of the Goldbod initiative while the average Ghanaian cannot wait to see how all this will culminate into a better standard of living.