The Ghana National Association of Small-Scale Miners (GNASSM) has expressed satisfaction with the government’s stakeholder engagement and transparency in the establishment of the Ghana Gold Board (GoldBod).
According to the association, small-scale miners are fully represented on the technical committee set up by the Finance Minister to develop legislative proposals for the board’s formation.
Other key industry players, including representatives from relevant ministries, the Minerals Commission, large-scale mining firms, gold service providers, jewelers, and banks, are also actively involved in the process.
GNASSM believes that input from these stakeholders will ensure that GoldBod operates transparently and focuses on formalizing gold trading in Ghana while positively supporting agencies that work with small-scale miners.
Currently, Ghana’s gold trading sector remains largely informal and disorganized, leading to significant revenue and foreign exchange losses.
The association is confident that the establishment of GoldBod through an Act of Parliament will create a solid policy framework to maximize the sector’s potential and contribute to national economic stability.
“We are excited by the fact that the governing board of the soon to be established GoldBod will include representatives of all relevant stakeholders. This will ensure that the GoldBod’s operations are inclusive, beneficial to stakeholders and in conformity with international standards,” GNASSM stated.
The association also commended ongoing engagement sessions across the country, noting that these discussions are instrumental in drafting a well-structured bill that guarantees fair market pricing for miners.
GNASSM reaffirmed its commitment to supporting the government in setting up GoldBod, assuring its members and the public of continuous updates as the process unfolds.