The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has highlighted the urgency and importance of establishing the GoldBod as part of the government's broader economic recovery efforts.
Speaking on the creation of the GoldBod in an interview Bernard Avle aired on Channel One TV's The Point of View on Monday June 9, he explained that the initiative is a key component of President John Dramani Mahama's economic revitalisation agenda, especially amid Ghana's recent severe economic challenges. "The president made it clear right from the outset that the GoldBod was central to his economic revitalisation agenda," Gyamfi said.
He noted that Ghana's traditional sources of foreign exchange earnings had been significantly affected, prompting the need to explore new avenues. "We had to think outside the box and work with the central bank to explore local opportunities, and one of that is the Gold for forex programme of the Bank of Ghana," he added.
According to Gyamfi, the GoldBod aims to ramp up gold purchases and exports to accelerate foreign reserves accumulation, which is crucial to supporting the national currency and the economy as a whole.
