Sammy Gyamfi heads the PMMC, which will soon become the Ghana Goldbod
An Act to establish the Ghana Gold Board to oversee, monitor, and undertake the buying, selling, and export of gold and other precious minerals was passed into law by Parliament on Friday, March 28, 2025.
The First Deputy Speaker of Parliament, Bernard Ahiafor, adopted the bill after a vote, with the Majority in Parliament supporting the motion.
“Honourable members, as many as are in favour of the motion, say ‘Aye’… Those against, say ‘No,'” he stated.
After the voice vote, he declared, “The Ayes have it; the motion is accordingly adopted.”
This law designates GoldBod as the sole exporter of gold from Ghana’s small-scale mining sector, effectively barring licensed traders and bullion dealers from exporting gold directly.
As part of efforts to revitalise the local economy, President John Dramani Mahama initiated the establishment of the Ghana Gold Board (GoldBod), which falls under the Ministry of Finance.
To spearhead the initiative, Mahama appointed NDC Communications Officer, Sammy Gyamfi, as the Acting Managing Director of the Precious Minerals Marketing Company (PMMC).
Strengthening Ghana’s Gold Sector
The Ghana Gold Board is expected to play a pivotal role in formalising the small-scale gold mining sector, ensuring better regulation, and providing support services for industry players.
This initiative aligns with the Mahama administration’s broader strategy to strengthen the extractive sector and optimise revenues from gold exports.
Sammy Gyamfi’s Expertise in Mining and PolicySammy Gyamfi, a lawyer and economic policy analyst, brings extensive experience to his new role.
He holds a BSc in Environmental Science and a Bachelor of Laws from Kwame Nkrumah University of Science and Technology (KNUST), as well as a Barrister-at-Law certificate from the Ghana School of Law.
He also has a Master’s degree in Economic Policy Management from the University of Ghana and executive certifications from the Harvard Kennedy School.
Gyamfi previously worked with the Ghanaian mining firm, Exton Cubic Group Limited, and is widely known for his role as the NDC’s National Communications Officer.
His appointment signals the government’s commitment to professionalising the gold sector and ensuring effective oversight.
With Ghana being Africa’s leading gold producer, the establishment of the Ghana Gold Board is expected to boost investor confidence and improve regulation in the industry.
SA/AE
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