In a bid to formalize and regulate Ghana’s small-scale gold mining sector, Finance Minister Dr. Cassiel Ato Forson has inaugurated a Technical Committee to draft a legal framework for the establishment of the Ghana Gold Board (GoldBod). Apexnewsgh reports
This specialized agency will be responsible for managing and marketing gold resources from the small-scale mining sector.
According to Dr. Forson, the establishment of the committee highlights the urgent need to maximize Ghana’s economic gains from its gold resources. He emphasized this during a meeting with the Management of Precious Minerals Marketing Company (PMMC) at the Ministry of Finance on January 27, 2025.
The Ghana Gold Board, championed by President John Dramani Mahama, aims to revitalize the economy by tackling challenges such as gold smuggling, fragmented gold purchasing systems, and limited foreign exchange accumulation.
Dr. Forson, a renowned economist and chartered accountant, was appointed as Ghana’s Finance Minister on January 9, 2025. His expertise in fiscal management and economic reforms is expected to play a crucial role in shaping Ghana’s economic future.
The establishment of the GoldBod is also expected to help stabilize Ghana’s currency, the cedi, in the long run. With the Technical Committee in place, Ghana is taking a significant step towards regulating its small-scale gold mining sector and unlocking its economic potential.
Source: Apexnewsgh.com