The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has declared that Ghana is finally positioning itself among nations whose economic transformation is driven by the strategic management of precious minerals.

He said the country’s renewed approach to gold governance under President John Dramani Mahama is ensuring that the sector becomes a major pillar for national development rather than an avenue for illicit activity and revenue loss.

Speaking to stakeholders, Mr Gyamfi stated that the establishment of the Ghana Gold Board marked a turning point in the country’s efforts to reform the gold industry.

“Ghana is finally taking its place amongst nations whose transformation is propelled by precious metal,” he said, adding that the Board’s mandate provides the necessary tools to maximise value from the country’s mineral wealth.

He highlighted that the Ghana Gold Board, created by Act 1140, is empowered to grade, assay, weigh, value, purchase, sell, and export all gold produced in the country.

According to him, this legal framework enables the state to exercise stronger oversight and curtail long-standing challenges such as under-declaration and smuggling.

“This strategic creature of law is reshaping the entire industry,” he noted.

Mr Gyamfi explained that the Act also gives the Gold Board pre-emption rights over gold from large-scale producers and exclusive rights to gold from the artisanal and small-scale mining sector.

This, he said, ensures that national interest remains at the centre of gold production and that Ghana captures fair value from its natural resources. “This is how we optimise national benefit,” he stressed.

He reaffirmed the Board’s commitment to responsible sourcing, environmental protection and full traceability of gold within the value chain.

“We remain committed to these responsibilities. Responsible sourcing is not just an ethical responsibility—it's a legal demand on us,” the CEO emphasised.

Mr Gyamfi assured that the Mahama administration’s reforms will secure Ghana’s rightful place in the global precious metals economy while protecting the welfare of communities and the environment.