The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that Gold Board operations will undergo a major transformation in 2026, with the state taking full control of gold trading and reserves.
The new direction of Gold Board operations is expected to significantly boost Ghana’s foreign exchange earnings and strengthen the country’s economic stability.
Speaking on the future of Gold Board operations, Sammy Gyamfi emphasized that gold will play a central role in Ghana’s economic transformation, with a strong focus on national control and value addition.
He revealed that under the new Gold Board operations, Ghana will no longer export raw gold. Instead, the country will refine gold locally to determine its true value and maximize revenue generation.
According to him, this shift in Gold Board operations is designed to ensure that Ghana benefits fully from its natural resources while creating more jobs within the gold value chain.
As part of the restructuring, key measures under the Gold Board will include the establishment of district gold buying centers to support small-scale miners and improve access to the formal market.
Additionally, the Board plans to implement a nationwide gold traceability system to enhance transparency and accountability across the sector.
The new Gold Board operations will also promote responsible mining practices and increase investment in environmental sustainability to address the long-standing impact of mining activities on communities.
Sammy Gyamfi acknowledged that his appointment as CEO of the Ghana Gold Board came as a surprise to many but stressed his commitment to delivering results and justifying the confidence reposed in him.
