Renowned finance and economic expert, Senyo Hosi, is backing the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, Esq. for his strong stance on sustainable mining and environmental protection.

Taking to his Facebook page to react to Mr. Gyamfi’s comments at the ongoing Precious Metals Conference in Dubai where he stated that no volume of gold is worth the lives and sustainable future of our people, Mr. Hosi described the comment as timely and crucial, given the ongoing national conversation about balancing mineral exploitation with environmental responsibility.

“Thank you Sammy Gyamfi. Let’s continue to work together to achieve the right balance between the mining we need and the sustainability we owe posterity. Keep making Ghana proud on the international scene”, he wrote.

Mr. Hosi’s endorsement comes at a period when the GoldBod is implementing new reforms aimed at sanitizing Ghana’s gold trading ecosystem, curb smuggling and ensure transparency.

These reforms include the exclusive authority to assay, grade, value, purchase, and export artisanal and small-scale mining (ASM) gold and a new transparent pricing model for miners and licensed buyers.

Part of the reforms also include the deployment of national aggregation system for gold collection and licensing reforms to ensure responsible sourcing and compliance and the yet-to-be introduced blockchain-powered Track and Trace system to ensuring full transparency and traceability of every gram of gold purchased among others.

These reforms aim to formalize the ASM sector, boost foreign exchange reserves, and ensure ethical and traceable gold trade.

The state agency’s efforts have already yielded significant results, with ASM gold exports overtaking those from large-scale mining firms.