Poor formalisation of small-scale mining worsened galamsey crisis – GoldBod CEO

Mr Gyamfi said the problem was also worsened by the dominance of private operators in the domestic gold-buying sector, which, he argued, made it difficult for the state to effectively track the source of gold being purchased from miners.” He also questioned the traceability arrangements under the previous government’s Domestic Gold Purchase Programme, which was introduced in 2021 to support the purchase of gold for reserves, foreign exchange and the Gold for Oil programme.

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has attributed Ghana’s persistent illegal mining crisis partly to decades of inadequate formalisation and state support for artisanal and small-scale mining.