The CEO of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has called for enhanced international cooperation to combat gold smuggling and encourage responsible sourcing in the global gold supply chain.
Speaking at the 2025 Dubai Precious Metals Conference on Monday, November 24, Mr. Gyamfi pointed out that artisanal and small-scale mining (ASM) has become a key factor in Ghana’s economic recovery in 2025, contributing 90 tonnes of gold—approximately 53% of the country’s total gold exports—and generating over US$9 billion in foreign exchange.
He mentioned that the sector now provides over one million jobs but cautioned that illegal and unregulated mining poses risks to rivers, forests, and public health.
Mr. Gyamfi discussed reforms introduced by the newly formed Ghana Gold Board, established under Act 1140, aimed at improving transparency in gold trading. These reforms include strict licensing requirements, a competitive pricing system, and strong measures to fight gold smuggling.
He announced that Ghana intends to implement a blockchain-based Track and Trace system by the end of 2026 to ensure that every gram of ASM gold can be traced back to its mine of origin.
Describing gold smuggling as a significant contributor to money laundering and illicit financing, Mr. Gyamfi called on the international community to support the establishment of a global certification system—similar to the Kimberley Process for diamonds—to stop smuggled gold from entering legitimate markets.
He stressed that Ghana is prepared to work with the UAE, the DMCC, the World Gold Council, and other partners to enhance supply chain integrity.
Furthermore, the Ghana Gold Board is investing in modern assay laboratories, supporting anti-illegal mining efforts, and promoting sustainable mining initiatives to increase production while protecting the environment.
“ASM is not just about mining gold; it is about uplifting communities and protecting our environment,” he stated, urging global partners to assist developing countries committed to reform.