The technical committee tasked with developing the legal and operational framework for the Ghana Gold Board has taken another significant step towards establishing a robust and effective agency.
Last week Friday, the committee engaged with the Chamber of Mines and Civil Society Organizations in the extractive sector, seeking their input on the Bill for the establishment of the Gold Board .
This stakeholder engagement is a crucial part of the process, ensuring that the Gold Board is fit for purpose and meets the needs of all stakeholders.
The committee’s efforts are aimed at creating an agency that will reset, regulate, and oversee Ghana’s gold marketing industry, driving economic growth and development.
The establishment of the Gold Board is a key priority for President John Dramani Mahama, who has made economic revitalization a cornerstone of his administration. The Gold Board is expected to play a critical role in this effort, helping to stabilize the national currency and increase foreign exchange reserves .
The technical committee’s engagement with stakeholders has been productive and insightful, with participants sharing their expertise and experience to shape the future of the industry.
The committee’s work is expected to continue in the coming weeks, with further stakeholder engagements and consultations planned.
Once established, the Gold Board will act as the sole buyer of gold from licensed aggregators and traders, ensuring traceability and compliance with international standards.
The agency will also promote value addition across the gold value chain, from extraction and refining to marketing on both local and international platforms .
The establishment of the Gold Board is a significant step forward for Ghana’s gold industry, and the technical committee’s stakeholder engagement is a critical part of this process.
As the committee continues its work, Ghana moves closer to realizing the benefits of a robust and well-regulated gold industry.
