Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has announced far-reaching reforms aimed at boosting Ghana’s gold production and ensuring greater national benefit from the mining sector.

Speaking at the maiden edition of the Mining and Minerals Convention in Accra on Tuesday, September 9, Mr Gyamfi said the Mahama administration is determined to shift Ghana from raw extraction to value addition in order to strengthen the economy and improve livelihoods.

He revealed that small-scale gold exports between January and August 2025 had already reached a record 66.7 tonnes, valued at about US$6 billion, surpassing the total exports for 2024.

According to him, this milestone reflects the success of reforms such as aggressive licensing, competitive pricing, and the clampdown on smuggling.

Mr Gyamfi further noted that the Gold Board is supporting the Bank of Ghana’s gold reserves, launching a mining support programme to attract US$1 billion in investment, and preparing to refine gold locally to reduce Ghana’s dependence on exporting raw doré.

“Ghana must transition from being a mere exporter of raw gold to becoming a global hub for bullion refining, jewelry production, and sustainable mining,” he stated.

He also announced new initiatives, including a nationwide traceability system, ecological reclamation of degraded lands, scholarships for needy students, and expanded support for mining communities through potable water and health facilities.

Concluding his address, Mr Gyamfi called for bold financing strategies to unlock Africa’s mineral potential.

“Ghana is resetting, and Africa is rising. The GoldBod is ready. All we need now is courage and capital. Let us fund the minerals and mining sector differently. Let us transform it together. And let us make Ghana, Africa, and the world a better place,” he added.