The Ghana Gold Board (GoldBod) is making significant strides in formalizing the artisanal and small-scale mining (ASM) sector, with the World Gold Council (WGC) engaging in discussions on traceability reforms.
This move aims to enhance transparency and accountability in Ghana’s gold industry, a major contributor to the country’s economy.
The reforms include the implementation of a blockchain-based Track and Trace system, set to launch by the end of 2026, ensuring every gram of gold is accounted for from mine to export.
GoldBod CEO Sammy Gyamfi emphasized that this system will verify the legitimate origin of gold, preventing smuggling and promoting responsible mining practices.
Ghana’s gold production has seen a significant boost, with small-scale mining contributing 53% of the country’s total gold exports in 2025, generating over $9 billion in foreign exchange. The government aims to maximize benefits from its gold resources while addressing environmental and social challenges.
The engagement with the World Gold Council underscores Ghana’s commitment to international best practices in gold mining and export. By formalizing the ASM sector, Ghana seeks to increase revenue, improve working conditions, and promote sustainable development.
