President John Dramani Mahama has reaffirmed the Ghana Gold Board’s (GoldBod) strong commitment to promoting responsible and sustainable mining in Ghana.
Speaking at the Mining in Motion Summit held at the Kempinski Hotel in Accra on Monday, 2 June, President Mahama announced that GoldBod will soon introduce a track-and-trace system to ensure the ethical and transparent sourcing of gold.
“GoldBod is taking bold and necessary steps to make sure that every ounce of gold can be traced to its origin, and that the process behind it meets national and international standards for sustainability,” President Mahama stated.
The track-and-trace initiative is a key component of GoldBod’s broader push to secure London Bullion Market Association (LBMA) certification — a globally respected mark of credibility in the gold industry.
To qualify for LBMA certification, gold refiners must satisfy a series of rigorous conditions, including financial soundness, a credible and well-equipped analytical laboratory, proven production capacity, market experience, and a strong commitment to responsible sourcing. Regular independent audits are also required to maintain the certification.
“This step strengthens the Board’s vision of sanitizing Ghana’s gold trade and ensuring it contributes meaningfully to national development,” President Mahama added.
As part of ongoing efforts to clamp down on illegal mining and promote regulatory compliance, GoldBod CEO Sammy Gyamfi who is expected to speak at the conference on June 3, 2025, has already hinted at complementary enforcement strategies.
In a recent interview, Gyamfi revealed that the government, in collaboration with GoldBod, will soon begin tracking excavators nationwide, ensuring they are used strictly for legal and environmentally responsible mining operations.
“Tracking excavators is not just about enforcement; it’s about accountability,” Gyamfi said. “We want to make sure that mining is done right — with respect for the law, the land, and the people.”
With the rollout of these reforms, GoldBod is positioning Ghana not only as a leading gold producer but also as a responsible actor in the global mineral trade. The Mining in Motion conference continues tomorrow with high-level discussions expected to focus on governance, investment, and inclusive growth in the extractive sector.
