#goldbod

National Security operatives working together with the Ghana Gold Board (GoldBod) have seized large sums of cash, gold bars and money-counting machines during an intelligence-led operation targeting illegal gold trading activities involving foreign nationals. Videos circulating widely on social media show officials displaying bags containing bundles of cash alongside gold bars believed to have…

The recently introduced Ghana Gold Board Act, 2025, is set to transform the country’s gold industry, driving a dramatic shift in how Ghana’s most precious mineral resource is traded, developed, and regulated.  

The newly created Ghana Gold Board (GoldBod) represents the fulfilment of the manifesto commitment made by President Mahama and the NDC government. 

Key Values 

Integrity, customer focus, innovation, and accountability and transparency are at the heart of GoldBod’s mission. These are values shared by Afrimex, a company that provides mining support and gold trading assistance services.  

GoldBod manages its transactions with the highest regard for best corporate governance practices and integrity to foster mutual trust with its clients. By deploying cutting-edge applications, the regulatory body can provide better solutions to meet evolving market trends and needs.  

Furthermore, because it functions as a team with its stakeholders in a competitive, accountable, and transparent ecosystem, the body is better able to achieve its primary objectives. GoldBod is now the sole authority in Ghana with exclusive rights to buy, sell, grade, weight, export, and value gold (and other precious minerals). 

The Fight Against Illegal Mining 

GoldBod’s key remit is to tackle illegal mining, also known as galamsey. The regulatory body has been granted the authority to enforce strict regulations, impose penalties on offenders, and issue licenses. As a result, it’s designed to disrupt the infrastructure and networks that currently enable these illegal activities to thrive. 

The act focuses on increasing traceability and transparency throughout the entire gold value chain, and the establishment of a centralized system to monitor and account for every ounce of the country’s gold. Its overarching aim is to create a landscape that is hostile to the activities of smugglers and illegal miners. 

A Catalyst for Change 

GoldBod isn’t just a regulatory body; it is a catalyst for change, nurturing economic empowerment and sustainable development to ensure that Ghana’s valuable gold reserves remain the foundation of a prosperous future. As a powerful symbol of the country’s potential, GoldBod represents a new era of growth, opportunity, and integrity in Ghana’s gold mining sector. 

Driving Economic Growth and Sustainability 

Although only recently introduced, GoldBod has shown its potential to drive ethical economic growth and sustainability. Gold exports from the small-scale mining sector reached 51.5 tons in the first half of 2025, which translates to a value of approximately $5 billion. The same period in 2024 saw exports of 26.4 tons, valued at approximately $1.8 billion, demonstrating the significant impact the regulatory body is already having. 

GoldBod at the heart of Mahama’s economic recovery plan – Sammy Gyamfi – Nsemkeka The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has underscored the pivotal role of the newly established board in the government’s broader strategy to revitalise the Ghanaian economy. Speaking at the Mining in Motion Summit on Monday, 9th June, Mr Gyamfi described the GoldBod as an…

GoldBod issues final warning: No extension beyond June 21 for unlicensed gold traders – Nsemkeka The Ghana Gold Board (GoldBod) has issued a warning to individuals trading gold without a valid licence, stating that prosecutions will begin immediately after the final deadline of June 21, 2025. The board made it clear that there will be no further extensions for obtaining licences, following an…

GoldBod targets cutting-edge digital traceability technology before 2026 – Nsemkeka The country is poised to revolutionise its gold sector with the rollout of a comprehensive digital traceability technology across the entire supply chain. This ambitious initiative, spearheaded by the newly established Ghana Gold Board (GoldBod), aims to enhance market access, boost the value of the nation’s…

Goldbod rakes in $1.17bn after first full month – Finance Minister – Nsemkeka Finance Minister Dr. Cassiel Ato Forson has disclosed that Ghana earned over $1.1 billion in foreign exchange during the first full month of operations under the Goldbod gold purchase programme. The inflow, generated from the purchase and export of more than 11 tonnes of gold, marks a major milestone in the country’s…

Mahama unveils plan to have Goldbod to power refineries and build mineral wealth in Ghana – Nsemkeka President John Dramani Mahama has outlined a sweeping new vision to reposition Ghana from a mere exporter of raw minerals to a regional powerhouse for refining, manufacturing, and clean energy innovation. Speaking at the Mining in Motion Global Summit in Kumasi, President Mahama delivered a…

Paa Kwesi Schandorf appointed Communications Assistant at Goldbod, Media Relations Officer at Lands Ministry – Nsemkeka Former JoyNews anchor, Paa Kwesi Schandorf, has joined Ghana’s new gold dealership agency, Ghana Gold Board (Goldbod). Schandorf will support communications at Goldbod— the sole state agency mandated to buy, sell, assay, value, and export gold and other precious minerals in…