Stakeholders pose for a group photo after the engagement in in Bolgatanga
The Goldbod Technical Committee has held a successful stakeholder engagement with small-scale miners, gold dealers, traditional leaders, and other key stakeholders in Bolgatanga, in the Upper East Region.
The consultation, which took place on March 26, 2027, aimed at gathering insights to refine the framework for Goldbod’s operations.
Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, expressed confidence that the Goldbod Bill will be passed before Parliament goes on recess.
“The government sees Goldbod as a strategic tool to ensure that more gold remains within the formal economy, contributing to national revenue and economic stability,” Sammy Gyamfi said.
Goldbod, a proposed state-backed gold trading initiative, is designed to enhance Ghana’s foreign exchange reserves, combat gold smuggling, and regulate the country’s gold trade.
The initiative has received endorsements from prominent figures, including former Majority Leader Osei Kyei-Mensah-Bonsu and natural resource governance expert Dr. Steve Manteaw.
The initiative comes at a time when Ghana, a top gold producer in Africa, continues to grapple with challenges such as illicit gold trade and foreign exchange instability.
The stakeholder engagement in Bolgatanga forms part of broader consultations to fine-tune Goldbod’s operational framework before it is formally implemented.