President John Mahama has praised the CEO of the Ghana GoldBoard (Goldbod), Sammy Gyamfi, for what he describes as an impressive start to the new institution’s operations.

The Ghana GoldBoard, formerly known as the Precious Minerals Marketing Company (PMMC), was officially launched on April 2, 2025, with a mandate to oversee and regulate gold trading activities in the country.

Barely weeks into its establishment, the Goldbod has reportedly made significant strides, achieving results that President Mahama has hailed as remarkable.

“Mr. Sammy Gyamfi is the Chief Executive of the Ghana Goldbod that is doing wonders already,” the President said while introducing the NDC National Communications Officer during a speech in the Ahafo Region as part of his national “Thank You” tour.

There has been a wave of public support and commendation for Mr Gyamfi, with many attributing the recent appreciation of the cedi in part to Goldbod’s performance under his leadership.

The local currency, which reached a high of nearly GH¢16 to the US dollar last year, has now appreciated to around GH¢10 to the dollar.

This development has been met with widespread optimism among citizens and market observers.

Meanwhile, the Governor of the Bank of Ghana, Dr Johnson Asiama, has reiterated the central bank’s commitment to sustaining the cedi’s rebound.

He emphasised ongoing efforts to strengthen the local currency and maintain its competitiveness against major global currencies