Gold to drive Ghana's economic reset - Sammy Gyamfi

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has said that gold is being positioned as a central pillar in efforts to unlock the full potential of Ghana’s natural resources.

According to him, the government is exploring ways to intensify efforts aimed at maximising value and strengthening oversight across the extractive sector.

Speaking on JoyNews’ PM Express Business Edition on Thursday, March 25,2026, he stated that efforts aimed at deriving greater benefits from Ghana’s mineral wealth form part of President Mahama’s broader reset agenda.

“Gold is very essential to the reset agenda of the President, because he believes that Ghana could have maximised national benefits and exerted its sovereignty over its gold resources more than we have done since independence,” he said.

1 metric tonne of gold to be refined every week - Sammy Gyamfi announces

Gyamfi indicated that the renewed focus reflects a shift from Ghana’s long-standing dependence on raw extraction to a more comprehensive approach that prioritises value addition.

He further elaborated his point, stating that, the government has plans laid out to reposition the country not just as a leading gold producer, but also as a key player in refining, and marketing Ghana’s gold.

“And so, when he was given the second opportunity to govern as president, he needed a certain urgency for his agenda of transformation, for not only the exploitation, but also the market and the trading of our gold resources to ensure that we reset the sector and change,” he added.

According to him, Ghana’s involvement in limited downstream activities over the years has constrained the sector’s full contribution to national development.

Gyamfi further pointed to long-standing structural challenges, including revenue leakages and weak regulatory systems, stressing that ongoing reforms are aimed at addressing these issues to ensure the country fully harnesses its resource potential.

SO/VPO

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