The Ghana Gold Board has strongly denied claims that it is purchasing illegally mined “galamsey” gold, emphasizing that its operations are anchored on legality, environmental protection, and international best practices.

According to GoldBod, the institution does not buy gold directly from miners, instead, all gold purchases are made through licensed aggregators, who are bound by strict terms and conditions prohibiting the acquisition of gold from illegal sources.

“The GoldBod was established to promote responsible sourcing, supply chain sustainability, traceability, and adherence to international best practice,” the institution said.

The Board noted that its mandate, as outlined in Sections 3(1)(f) and 3(1)(g) of ACT 1140, explicitly includes supporting environmentally sustainable and responsible mining practices.

To strengthen enforcement, GoldBod is developing a blockchain-based track and trace system, which will allow every gram of gold purchased to be traced back to its responsible mine of origin.

This system, scheduled for deployment in 2026, is part of a wider effort to formalize the small-scale mining sector and ensure value-chain transparency.

GoldBod also highlighted the collaboration with the National Anti-Illegal Mining Operations Secretariat (NAIMOS) in tackling illegal mining.

Since its inception, NAIMOS has successfully evicted illegal miners from nine forest reserves and revoked the controversial L.I. 2462 permit that allowed mining in protected areas.

Government has introduced strict tracking measures for excavators and continues to prosecute offenders, ensuring that environmental and human safety standards are upheld.

The Board dismissed criticisms from opposition parties, accusing them of attempting to politicize the fight against illegal mining.

“Gold has been mined in Ghana for decades without traceability. GoldBod is the first institution to pursue value-chain traceability with clear timelines. Allegations linking us to galamsey are unfounded and politically motivated,” it stated.

GoldBod reaffirmed its commitment to supporting government initiatives aimed at curbing illegal mining.

The institution assured Ghanaians that with the upcoming blockchain system and continued regulatory enforcement, the country is poised to achieve responsible gold sourcing and a transparent, sustainable gold industry.