Goldbod to open ‘Ghana Gold Village’ as hub for gold jewelry in Africa

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Mr Sammy Gyamfi, has announced plans by government to establish the ‘Ghana Gold Village’.

The facility, which will be likened to the Dubai Gold Souk in the United Arab Emirates, will serve as “a hub of gold jewelry and ornaments in Africa.”

Addressing a gathering of industry players at the ongoing Mining in Motion Summit, Mr Sammy Gyamfi indicated that this novel enterprise is part of government’s plans to increase value addition to Ghana’s gold production.

“Let me also say that the GoldBod is open to symbiotic partnerships to actualize the vision of President Mahama to establish a ‘Gold Village’ in Ghana to serve as a hub of gold jewelry and ornaments in Africa,” Mr Sammy Gyamfi revealed.

In his presentation, he also touched on other relevant interventions by GoldBod, which will help Ghana derive the full benefits of its gold resources.

He further disclosed plans by his outfit to clamp down on smuggling and build a robust and well-coordinated gold trading sector that focuses on prosperity for Ghanaians.

Since its inception, the Ghana GoldBod has already chalked up many successes in its operations.

Addressing the gathering, the CEO further revealed that, for the first time in Ghana’s history, gold exports from the artisanal and small-scale mining (ASM) sector have overtaken exports from large-scale producers, marking what he described as a “defining moment” in the nation’s extractive sector.

Meanwhile, despite its significant achievements, Mr Sammy Gyamfi has stated that his outfit will not rest on its laurels but will continue to do more for the benefit of its partners, stakeholders and Ghanaians at large.

“I wish to extend a warm hand of invitation to the LBMA, the World Gold Council, the OECD, and the global investor community across the entire mining value chain, to partner with Ghana in the area of sustainable mining, responsible sourcing and value addition to attain the best of mutual outcomes.

“Ghana is ready! The GoldBod is prepared!! And together, we can all sail to higher realms of dividends in the mining sector where the environment is preserved, lives are bettered, and communities are uplifted!” the address concluded.