The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, Esq. has announced an ambitious technological intervention that is set to transform the country’s artisanal and small-scale mining sector.
Speaking at the Dubai Precious Metals Conference, Mr. Gyamfi revealed that although the institution is only seven months old, plans are far advanced to procure and deploy a comprehensive Blockchain Track and Trace system by the end of 2026.
According to him, the digital system will ensure that every gram of gold purchased by the GoldBod can be traced to its sustainable mine of origin, marking a major leap toward accountability and responsible sourcing in Ghana’s gold industry.
The blockchain platform, he elaborated, will capture and secure data from the point of production to the point of sale, creating an immutable record that enhances transparency and deters illegal activity.
Mr. Gyamfi explained that under this new system, licensed mines onboard the GoldBod framework will undergo periodic compliance audits. These audits will verify that the mines’ operations and output are legitimate and ensure that no licensed entity becomes a front for illegal mining activities.
The technology, he emphasized, will close the gaps exploited by smugglers and unregulated operations.
The CEO underscored that formalizing the Artisanal Small-Scale sector is central to transforming gold from a national challenge into a national blessing, adding that responsible sourcing and traceability are crucial pillars in that journey.
He highlighted that this effort aligns fully with the vision of President John Dramani Mahama, under whose administration the Ghana Gold Board was established.
Set up as a strategic institution under the Ghana Gold Board Act (Act 1140), 2025, the GoldBod holds the sole and exclusive mandate to grade, assay, weigh, value, purchase, sell and export gold produced in or brought into Ghana.
The Act also grants the Board pre-emption rights over large-scale output and requires it to implement strong anti-smuggling measures while leading the formalization of the ASM value chain.
The CEO reiterated that the upcoming blockchain system combined with regulatory oversight, compliance audits, and sustainability initiatives will mark a defining shift in Ghana’s gold governance. It is expected to boost investor confidence, protect the integrity of the supply chain, and ultimately help the country unlock greater economic benefit from its mineral wealth.
