Tag: Mr. Sammy Gyamfi

  • Chief of Staff urges mining sector reforms to reflect Ghana’s mineral wealth in host communities

    Chief of Staff urges mining sector reforms to reflect Ghana’s mineral wealth in host communities

    Government has issued a firm call to stakeholders across the mining sector, declaring that historic mining communities like Obuasi must reflect the immense wealth extracted from their soil.

    Speaking at the National Mining Dialogue in Accra, Chief of Staff Dr. Julius Debrah, in a speech delivered on his behalf by Deputy Government Spokesperson Shamima Muslim, emphasized that as the world’s sixth-largest gold producer, Ghana bears a heavy responsibility to ensure its wealth is visible in local infrastructure and human development.

    “We have heard that Ghana is now the 6th largest gold-producing country in the entire world,” Dr. Debrah noted in his keynote address. “We may applaud, but that also brings us huge responsibility to look like the 6th largest gold-producing nation of the world. Government remains committed to lawful, responsible mining and enforcement; each matter must be handled fairly on evidence and through the proper institution.”

    The Chief of Staff’s remarks underscored a growing national consensus that decades of mineral extraction must no longer leave host towns lagging behind in basic infrastructure and industrial growth. Calling for a shift from unsafe practices to structured, transparent systems, Dr. Debrah reiterated that the public will ultimately judge the country’s mining sector by the tangible wealth retained domestically and the strength of national reserves.

    “Formalisation must not become a war against vulnerability and security,” he added. “From an opaque market to a fair market and from unsafe practices to responsible livelihoods, the artisanal miner should hear reforms and an invitation to operate safely, lawfully, and profitably.”

    Echoing the Chief of Staff’s charge, Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, highlighted the stark reality of host communities like Obuasi, drawing a sharp contrast between long-standing local extraction and the actual transformation on the ground.

    “We cannot continue to mine gold from the soil of our communities while poverty, lack of access to potable water, poor roads, youth unemployment, and weak local capacity persist,” Gyamfi stated. “Ghana has mined gold commercially for more than a century, yet Obuasi can produce gold for generations and still not compare to Johannesburg in industrial depth, urban development, and economic opportunities. Extraction without intentional policy does not automatically produce transformation.”

    Gyamfi argued that host communities should be treated as active development partners and economic shareholders rather than mere land donors. Under the central framework of the Ghana Gold Board, government efforts aim to build value by strengthening local processing, refining, and supply chain logistics.

    As state agencies, mining operators, and local leaders assess the road ahead, the consensus remains clear: policy reforms under GoldBod and the Domestic Gold Purchase Programme must deliver visible, lasting progress to communities like Obuasi so that their infrastructure finally mirrors the gold beneath their soil.

     

  • GoldBod Record: 7.1 tonnes of gold refined locally in massive sector overhaul

    GoldBod Record: 7.1 tonnes of gold refined locally in massive sector overhaul

    By Adnan Adams Mohammed

     

    Ghana’s newly established Gold Board (GoldBod) has successfully processed 7.1 metric tonnes of domestically purchased gold through local refineries this year, marking a decisive shift toward domestic value addition in the nation’s precious minerals industry.

    Speaking on the sector’s recent progress, Chief Executive Officer of GoldBod, Sammy Gyamfi, highlighted the scale of local refinement achieved so far, framing it as a direct result of comprehensive reforms aimed at retaining value within the country.

    “7.1 metric tonnes of gold bought by GoldBod this year were refined in Ghana,” Gyamfi stated, pointing to the expanding operational capacity of domestic refining infrastructure.

    The achievement comes as the institutional framework governing Ghana’s gold trade undergoes significant restructuring following the conclusion of previous central bank initiatives.

    “The Domestic Gold Purchase Program was a Bank of Ghana initiative; it ended in March 2026,” Gyamfi explained, noting that GoldBod has since assumed a central role in streamlining purchase, regulatory, and export operations.

    To solidify these operational gains, GoldBod is rolling out a national data-tracking framework aimed at mapping the entire supply chain to curb illegal trade, enhance transparency, and maximize revenue collection.

    “Effort is underway to map, compile, and analyze comprehensive data on how gold moves through Ghana’s value chain from extraction sites to local buyers, refineries, and export markets,” Gyamfi added.

    Attributing the momentum to broader policy leadership, the GoldBod chief executive underscored the administration’s strategic focus on resource governance.

    “President Mahama has reset Ghana’s gold sector,” Gyamfi remarked, emphasizing that the combination of supply-chain tracking, local refining, and centralized oversight will secure greater economic returns for the country moving forward.

     

  • NACOC HANDS OVER $1.7 MILLION WORTH OF SEIZED GOLD TO GOLDBOD

    The Narcotics Control Commission (NACOC) has handed over 17 gold bars, valued at $1.7 million, to the Ghana Gold Board (GoldBod) at the Ministry of the Interior in Accra.

    The gold bars were seized by officers of the Upper East Command of the Narcotics Control Commission at the Paga Border Post from two Burkinabe nationals who were attempting to smuggle them out of the country. The two nationals have also been charged with gold offences relating to transportation and dealing in gold.

    Minister for the Interior, Hon. Muntaka Mohammed-Mubarak, assured the management of GoldBod of the Ministry’s continued support and backing for GoldBod’s efforts to manage Ghana’s gold resources.

    The Chief Executive Officer of GoldBod, Mr. Sammy Gyamfi, expressed gratitude to the Director-General of NACOC for the successful handover and called for continued support and collaboration between various security agencies to enable them to succeed.

    The handing over ceremony was witnessed by the Chief Director of the Ministry, Mrs. Doreen Annan, Director General of NACOC, Brigadier General Maxwell Obuba Mantey, and other senior officials from NACOC and GoldBod.