Key stakeholders in Ghana’s gold trading sector have endorsed the Ghana Gold Board (GOLDBOD), which is poised to transform the industry and strengthen the economy. The initiative is expected to enhance foreign exchange earnings, stabilize the currency, and increase the country’s gold reserves. Stakeholders emphasize the need for equitable representation in the governance structure and collaboration with the government to mitigate gold smuggling and promote transparency.
Stakeholders within Ghana’s gold trading sector have expressed their support for the establishment of the Ghana Gold Board (GOLDBOD). Described as a transformative initiative, they anticipate it will enhance the industry and fortify the nation’s economy. During a forum hosted by the Precious Minerals Marketing Company (PMMC) in Tarkwa on March 14, 2025, participants, including gold buyers and small-scale miners, highlighted their optimism regarding the board’s potential benefits.
The stakeholders believe that GOLDBOD will significantly boost foreign exchange earnings, stabilize the cedi’s value, and increase the country’s gold reserves. However, they also urged the government to include diverse representatives from the industry on the governing board. This inclusivity is seen as critical to fostering transparency and accountability within the board’s operations.
Overall, stakeholders in Ghana’s gold sector are optimistic about the GOLDBOD initiative, which promises to revitalize the industry while ensuring fair practices and enhancing local capacities. With the right governance and inclusivity, this initiative has the potential to stabilize the local economy and combat illegal activities affecting the sector. Collaborative efforts between the government and stakeholders are essential to the initiative’s success.
Original Source: www.graphic.com.gh
