CLGB lauds GoldBod for boosting gold production, formalising ASM sector

The Chamber of Licensed Gold Buyers (CLGB) has commended the Ghana Gold Board (GoldBod) for its strides in formalising the artisanal and small-scale mining (ASM) sector and driving significant increases in gold production and exports.

In a statement issued on October 23, 2025, CLGB highlighted GoldBod’s role as the sole authorised buyer, assayer, seller, and exporter of gold from licensed ASM producers, noting that the formalisation efforts have enhanced traceability, accountability, and value retention in the sector.

“As the Chamber representing licensed gold buyers in Ghana, we are deeply encouraged by the performance of GoldBod,” CEO of CLGB of Kwaku Amoah said.

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“The formalisation of the ASM sector is not just a regulatory improvement, it is a game-changer for value retention, economic development and sustainable mining practices. The figures speak for themselves: a 70% increase in ASM output in one year, US$4 billion in exports in just four months…”

CLGB noted that Ghana’s ASM production rose to 1.9 million ounces in 2024, contributing about 39% of the nation’s total gold output, while total gold production reached approximately 4.8 million ounces.

Between February and May 2025 alone, GoldBod purchased and exported 41.5 tonnes of ASM gold, valued at about US$4 billion (GH¢40 billion).

The Chamber also encouraged further support for ASM miners, expansion of digital traceability systems, and increased downstream value addition within Ghana.

“GoldBod has demonstrated that it is forward-looking with its goals in consolidating the formalisation of ASM, as applications for refinery, fabrication and jewellery have been opened as at 22-10-2025,” the statement added.

CLGB reaffirmed its commitment to working closely with GoldBod, the Ghana Chamber of Mines, the Ministry of Lands and Natural Resources, and other stakeholders to sustain transparency, ethical sourcing, and growth in the gold sector.





MA