Ghana’s Finance Minister, Dr. Cassiel Ato Forson has inaugurated a Technical Committee that will develop the legal and operational framework for the Ghana Gold Board (GoldBod).
This flagship initiative, envisioned by President John Dramani Mahama, aims to achieve currency stability through the structured purchasing and management of Ghana’s gold resources.
Addressing members of the committee at the Ministry of Finance, the Finance Minister Dr. Cassiel Ato Forson highlighted the importance of formalizing gold trading from the small-scale mining sector and promoting traceability to enhance the international acceptability of Ghana’s gold.
“Currently, the chaos in Ghana’s gold purchasing sector prevents the nation from fully benefiting from its gold resources,” he stated.
The Ghana Gold Board will streamline the sector by acting as the sole buyer of gold from legal small-scale mining operations through licensed aggregators and local traders.
The enabling legislation will also ensure strong monitoring and compliance measures to curtail black-market activities and gold smuggling.
The committee, composed of experts from various institutions, is tasked with drafting the Bill and developing the operational framework for the GoldBod. Members include Sammy Gyamfi Esq., Acting Managing Director of PMMC; Marriettta Agyeiwaa Brew, Legal Counsel to the President; and several other distinguished professionals.
“The establishment of the Ghana Gold Board is a critical tool for economic revitalization and currency stability,” Dr. Forson stated.
He urged the committee to work diligently to fast-track this noble objective and called on all industry players and stakeholders to support the initiative.
below are the list of members
* Sammy Gyamfi Esq. – Acting Managing Director, PMMC
* Marriettta 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
* Mr. 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
* Mr. 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
