GoldBod to deploy technology to trace gold purchases to source

The system is expected to complement other measures being implemented by GoldBod to formalise the gold trading sector, improve transparency and enhance Ghana’s ability to meet international standards on responsible sourcing.

He said the initiative is intended to provide greater assurance about the source of gold entering the formal trading system and strengthen Ghana’s position in the international gold market.

Mr Gyamfi said the traceability system would also help address concerns over the origin of gold and strengthen efforts to prevent illegally mined gold from entering the formal supply chain.