GoldBod, Ghana’s national gold aggregator, is set to implement a digital traceability technology across its entire supply chain by the end of 2025, CEO Sammy Gyamfi has announced.

Speaking at the official opening of the Mining in Motion Summit in Accra on Monday, June 2, Gyamfi said the technology will enhance the value and market access of Ghana’s Artisanal and Small-Scale Mining (ASM) gold. It will also ensure that every gram of gold acquired by GoldBod is fully traceable—from the mine site to the final point of purchase.

“This traceability system will certify that all sourced gold comes from licensed mines that operate responsibly and sustainably in compliance with Ghana’s mining laws and international best practices,” Gyamfi noted.

He further revealed that beginning September 2025, GoldBod, in collaboration with the Ministry of Lands and Natural Resources, will begin training artisanal miners in environmentally friendly mining techniques and modern recovery optimization methods.

To scale up Ghana’s ASM gold production, Gyamfi announced that GoldBod and its investor partners would inject capital into the Ministry’s cooperative mining program. They also plan to collaborate with hard rock small-, medium-, and large-scale mining firms to maximize sustainable gold output and improve national revenue.

As part of its investor model, Gyamfi explained that partners in the program will be compensated through discounts on gold purchases over a 24- to 36-month period.

GoldBod is also committing a significant portion of its trading surplus to land reclamation and sustainability projects, including the government’s Blue Water and Tree for Life initiatives. The company plans to invest in geological investigations to produce accurate data for ASM, medium-, and large-scale mining, eliminating what Gyamfi described as “the phenomenon of lottery mining.”

Under GoldBod’s corporate social responsibility policy, part of its profits will go toward education and healthcare infrastructure, scholarships for brilliant but needy students, and the provision of potable water and other socioeconomic projects in mining communities affected by illegal mining activities.

“The days of illegal gold trading and uncontrolled gold smuggling are over,” Gyamfi declared.“GoldBod will ensure Ghana’s gold is traded and exported legally, with full repatriation of forex proceeds to support the economy and improve livelihoods. We shall not rest until every gold smuggler is behind bars.”

In a further move to clamp down on smuggling, Gyamfi announced the upcoming launch of a standing anti-gold smuggling taskforce, developed in partnership with the National Security Secretariat. He emphasized that offenders will be prosecuted regardless of their status: “No one will be spared. All persons who fall foul of the law will be dealt with—no matter whose ox is gored.”

Looking ahead, the GoldBod aims to transition Ghana from the export of dore gold to refined bullion, working with local refineries that are on a pathway to London Bullion Market Association (LBMA) accreditation.

In line with its mandate as Ghana’s National Assayer, GoldBod has also begun preparations for an ISO-certified, LBMA-compliant assay laboratory to be completed by 2026. Land has already been secured for the facility, which will subject all gold exports to fire assay testing to ensure accurate purity and valuation.

Finally, Gyamfi reaffirmed GoldBod’s support for President John Mahama’s vision of establishing a “Gold Village” in Ghana—an industrial hub for African gold jewelry and ornaments. “We are open to symbiotic partnerships to make this vision a reality,” he said.