Senyo K. Hosi, Entrepreneur, Finance & Economic Policy Analyst, says the establishment of the Gold Board (GOLDBOD) has fundamentally transformed how Ghana captures value from its gold resources, reversing decades of leakages and missed opportunities.

He explains that before GOLDBOD, Ghana’s gold economy was characterised by fragmented regulation, weak oversight, and widespread smuggling, particularly within the artisanal and small-scale mining sector.

“We were exporting gold, but we were not exporting value,” Hosi says.

According to Hosi, GOLDBOD’s centralised framework has brought transparency, traceability, and accountability to gold trading.

By offering competitive pricing and structured buying channels, the institution successfully displaced illicit buyers and redirected flows into official systems.

He notes that the jump in official ASM gold exports from 63.6 metric tonnes in 2024 to about 101 metric tonnes in 2025 is a direct result of GOLDBOD’s operations.

“This is evidence that policy, when well-designed, can change behaviour quickly,” he states.

Hosi concludes that GOLDBOD has laid the foundation for a more resilient gold value chain.

“This is not just about forex; it is about national ownership of our mineral wealth,” he says.