The Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has revealed that all relevant industry players are in full support of the Goldbod initiative.
According to him, small-scale miners, the Concerned Small-Scale Miners Association, and the Chamber of Bullion Traders are committed to ensuring the initiative’s success.
Speaking on Asempa FM’s Ekosii Sen, Mr. Gyamfi disclosed that these stakeholders have already submitted letters with valuable suggestions.
“They have knowledgeable and brainy people. The support we have received is overwhelming. The bullion traders, for instance, have brought a letter endorsing the initiative,” he stated.
He added that Goldbod aligns with the expectations of industry players, who have long advocated for enhanced value addition and investment in the gold sector.
“The industry has been waiting for a bold initiative like this. Many stakeholders believe Goldbod will create new opportunities for growth and strengthen Ghana’s position as a leader in gold production,” he noted.
Mr. Gyamfi also dismissed concerns about job losses, stressing that the initiative would rather boost employment and attract foreign investment.
“Goldbod is not just about managing our gold reserves; it is about creating an entire ecosystem that benefits miners, investors, and the Ghanaian economy as a whole,” he said.
He indicated that stakeholder engagements have already begun, with meetings held in Accra and Kumasi, while other regions will soon be engaged.
“We are looking at a game-changer for the industry, and the enthusiasm we have seen so far is a clear indication that Ghana is ready for this,” he noted.
Mr. Gyamfi further disclosed that the Goldbod draft bill has received approval from the Finance Ministry, the Ministry of Lands and Natural Resources, and the Attorney General’s office.
Once passed, he emphasized that Goldbod would take over PMMC with enhanced powers to exclusively buy, sell, and export gold.
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