ASM sector emerges as key driver of Ghana's economy – Sammy Gyamfi

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has highlighted the contributions of the Artisanal and Small-Scale Mining (ASM) sector in Ghana.

According to him, the sector has emerged as a key driver of the country’s economic recovery, contributing significantly to export earnings, job creation, and national prosperity.

Speaking at the 2025 Dubai Precious Metals Conference on November 24, 2025, Gyamfi noted that ASM’s performance in 2025 had surpassed that of large-scale mining operations, underscoring its central role in Ghana’s gold industry.

“The ASM sector has this year alone contributed 90 tons of gold, constituting 53% of Ghana’s total gold export earnings. These economic milestones could not have been achieved without the ASM sector, which has, for the first time in our history, outperformed the large-scale mining sector,” he said.

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The Ghana Gold Board CEO also emphasised the sector’s social impact.

“Ghana’s ASM sector today accounts for over one million direct and indirect jobs. These are not mere statistics but real human lives,” he said.

He added that gold mining is not only an economic activity but also a pathway to social relevance and opportunity for many Ghanaian youth.

The ASM sector, he argued, holds vast potential to expand Ghana’s role in the global gold supply chain if supported with reforms and strategic investment.

MA