The Christian Council of Ghana has commended the Ghana Gold Board (GoldBod) for its efforts to promote transparency, responsible gold trading and environmental sustainability in the management of Ghana’s mineral resources.
The commendation came when a delegation from the Council, led by its Director of Programmes and Advocacy, Dr Joyce Laco Steiner, paid a courtesy call on GoldBod Chief Executive Officer, Sammy Gyamfi, to discuss responsible management of the country’s gold resources.
Dr Steiner described Ghana’s mineral wealth as a divine endowment that must be managed with integrity, accountability and foresight to benefit both present and future generations.
The engagement comes as GoldBod records significant gains in formalising Ghana’s gold trade and mobilising foreign exchange.
GoldBod has disclosed that its operations and enforcement measures have helped channel about 170 tonnes of gold through formal export channels over the past one-and-a-half years, generating more than US$17 billion for the country.
In 2025 alone, the Board aggregated and exported 104 tonnes of gold from the artisanal and small-scale mining sector, generating more than US$10 billion in foreign exchange.
GoldBod also reported cash and cash equivalents of GH¢8.77 billion at the end of 2025, up sharply from GH¢738 million in 2024, reflecting increased gold purchasing, aggregation and export activities.
Mr Gyamfi told the Christian Council that GoldBod’s mandate under the Ghana Gold Board Act, 2025 (Act 1140), goes beyond gold trading to include strengthening the country’s foreign exchange position and contributing to macroeconomic stability.
He said the Board was also advancing initiatives to retain more value from Ghana’s gold through local refining and jewellery production, while working towards the establishment of an international-standard fire assay laboratory.
On environmental sustainability, Mr Gyamfi highlighted GoldBod’s land reclamation and environmental restoration initiatives, including efforts to rehabilitate degraded mining areas and restore water systems affected by mining.
GoldBod recently partnered the Ghana Army Engineers Regiment and the Forestry Commission to restore an initial 50 acres of the degraded Tano Nimri Forest Reserve under its National Reclamation and Environmental Restoration Programme.
The Board has also assumed a central role in Ghana’s accelerated gold reserve accumulation policy, under which 30 per cent of large-scale gold production is being secured for strategic national reserves.
The meeting reaffirmed the shared commitment of the Christian Council and GoldBod to responsible gold management, environmental protection and ensuring that Ghana derives sustainable economic and social benefits from its mineral wealth.
Source: www.kumasimail.com
