On Monday, January 27, Finance Minister Dr. Cassiel Ato Forson officially opened a 21-member Technical Committee, whose job it is to create the legislative and operational framework for the Ghana Gold Board (GOLDBOD).

President John Dramani Mahama's flagship project, GOLDBOD, aims to restructure the small-scale mining industry by doing away with the Community Mining system, removing the value-added tax on mineral discovery, and enacting regulations to encourage the development of vital minerals.

In a statement following the inauguration, Mr Gyamfi highlighted that the GOLDBOD would have exclusive legal rights to act as the sole assayer, seller, and exporter of gold purchased from small-scale miners.

Streamlining the small-scale mining sector, curbing smuggling, and directing gold purchases through formal channels will help Ghana improve its foreign exchange accumulation and stabilise the Cedi. The establishment of the Ghana Gold Board is a critical tool for economic revitalisation and currency stability.



Committee Members Include:

Sammy Gyamfi Esq. – Acting Managing Director, PMMC

Marietta Agyeiwaa Brew – Legal Counsel to the President

Dr Abdul Baasit Aziz Bamba – Legal Practitioner

Dr Johnson Asiamah – Former Deputy Governor, Bank of Ghana

Dr Tony Aubyn – Former CEO, Minerals Commission

Joojo Kakra Bannerman – Head of Financial Markets, Standard Chartered Bank

Martin Kwaku Ayisi – CEO, Minerals Commission

Joseph Iroko – Legal, Minerals Commission

Eric Bukari – Manager, Small Scale Mining, Minerals Commission

Paul Elikplim Bleboo – Deputy Manager, Gold Desk, Bank of Ghana

Kwabena Agyemang Barning – Chief Technical Officer, MIIF

Ernest Asiedu Odami – Director, Corporate Planning, PMMC

Sharon Quaye – Head of Business Development, PMMC

Mohammed Abubakar – Director of Finance, PMMC

Bernard Samuel Nnan – Head of Field Operations, PMMC

Richard Kofi Afenu Esq. – Geologist, Mineral Economist, Finance, Private Legal Practitioner

Kwaku Effah Asuahene – Chairman, Chamber of Bullion Traders, Ghana

Godwin Nichelsen Armah – General Secretary, National Association of Small-Scale Miners

Roger Kwakye – Gold Trading Consultant

A Representative from the Ministry of Finance

A Representative from the Office of the Attorney-General

The committee is expected to ensure the Ghana Gold Board becomes operational by 8th March 2025.