Sammy Gyamfi, Acting Managing Director of the Precious Minerals Marketing Company (PMMC), has urged all Ghanaians to support the Ghana Gold Board (GOLDBOD) initiative, emphasizing its potential to transform the country’s economy.
The initiative seeks to establish a regulatory body to oversee the gold industry, promoting transparency, accountability, and economic growth.
The Ghana Gold Board Bill, 2025, aims to create a centralized agency responsible for managing the gold value chain, from mining to export. This move is expected to boost foreign reserves, strengthen the cedi, and curb smuggling. By doing so, Ghana can maximize the economic benefits of its gold resources, which have largely been limited to royalties and taxes.
Speaking at a stakeholder engagement in the Upper East Region, Mr. Gyamfi stressed that supporting GOLDBOD is essential for Ghana’s economic well-being, particularly in the face of a strengthening dollar.
“If you love Ghana, you have to support GOLDBOD,” he said, emphasizing the need for collective action to stabilize the cedi and alleviate the economic burden on Ghanaians.
“If you are a Ghanaian and you love Ghana, you must support this initiative for it to succeed—unless you don’t love Ghana. If you love Ghana, you have to support GOLDBOD because, at the rate the dollar is rising, if we don’t bring it down, our people will suffer, all of us will suffer. And we can only bring the dollar down if you give the gold to us,” he stated.
The board will also work to enhance transparency, efficiency, and fair pricing within the industry. Chiefs, miners, and gold buyers have expressed their appreciation for the GOLDBOD initiative, pledging their support and hoping for its success.
Source: A1Radioonline.com | 101.1MHz | David Azure | Bolgatanga
