GoldBoard Technical Committee Submits Proposal to Lands Minister

Feb 11, 2025 - 11:56
GoldBoard Technical Committee Submits Proposal to Lands Minister

Accra, Ghana - 11 Feb, 2025 - In a significant step towards reforming Ghana's gold industry, the GoldBoard Technical Committee, led by Mr. Sammy Gyamfi Esq., Acting Managing Director of the Precious Minerals Marketing Company (PMMC), presented a comprehensive policy concept to the Lands Minister, Hon. Emmanuel Armah-Kofi Buah, on Monday.

The committee emphasized its readiness to collaborate with stakeholders to establish the GoldBoard, a specialized agency responsible for managing and marketing gold resources from the small-scale mining sector. This move is expected to advance natural resource management, regulate the gold industry, stabilize the cedi, and maximize revenue from gold exports.

The Lands Minister welcomed the initiative, affirming the GoldBoard's importance in advancing natural resource management, regulating the gold industry, stabilizing the cedi, and maximizing revenue from gold exports, stating that the GoldBoard 'is here to stay'.

The GoldBoard initiative is a flagship project of the current government, aiming to reform the small-scale mining sector. The Technical Committee's proposal marks a crucial step towards establishing a robust legal and operational framework for the GoldBoard.

Source: Lead News Online