Gold Board jewelry has emerged as a key driver of value addition in Ghana’s gold industry, generating an impressive GH₵65 million in revenue in 2025, according to the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi.
Speaking in an interview, Sammy Gyamfi emphasized that the push for Gold Board jewelry is part of a broader national strategy to move beyond raw gold exports and focus on local refining and fabrication. He noted that the initiative is being implemented under the directive of the president, with the aim of strengthening Ghana’s value chain in the gold sector.
According to him, the state-owned subsidiary, Gold Board Jewelry, is already setting the pace by manufacturing high-quality jewelry locally and selling it within the Ghanaian market. The GH₵65 million recorded in 2025 reflects strong demand for locally produced jewelry and signals growing confidence in Ghana’s fabrication industry.
Looking ahead, Sammy Gyamfi revealed that Gold Board jewelry is projecting nearly GH₵140 million in revenue this year, driven by ongoing investments and improved operational systems. He explained that these measures are designed to scale production capacity and position the company as a competitive player in both local and international markets.
Beyond state efforts, the Gold Board is actively encouraging private sector participation to expand the fabrication industry. Sammy Gyamfi stressed that government alone cannot drive the transformation, highlighting the need for partnerships with private investors and industry players.
To support this, the Gold Board has introduced a licensing regime for jewelry manufacturers and fabricators. He disclosed that several companies have already been granted licenses, while others are in the process of applying. Sammy Gyamfi further noted that one of the major challenges facing jewelry producers has been access to a consistent and reliable supply of legitimate gold. In response, the Gold Board is putting in place systems to guarantee the responsible sourcing of refined gold for manufacturers.
