🚨 First GoldBod Task Force Officers Ready for National Duty
Ghana has taken a bold step toward formalizing its gold sector with the launch of the first-ever GoldBod Task Force, a new government initiative aimed at regulating small-scale gold trade and supporting the national currency.
The inaugural batch of trained GoldBod officers will be officially inaugurated by President John Dramani Mahama on Monday, July 8, 2025.
🛡️ Mission: Stabilize the Cedi, Maximize Gold Benefits
Speaking at the commissioning event, Sammy Gyamfi, Chief Executive Officer of Ghana GoldBod, emphasized the critical role these officers will play in Ghana’s economic strategy.
“Your mandate goes beyond gold—it’s about protecting the value of the cedi and ensuring that Ghana reaps the full benefit of its mineral resources,” Gyamfi told the new recruits.
He stressed that their deployment forms part of a broader national agenda to use gold as a tool for currency stability and reduce the outflow of untaxed, illegally traded gold.
🌍 Nationwide Operations to Begin Soon
With training complete, the officers are set to commence nationwide operations targeting illegal gold exports, improving gold traceability, and supporting the Bank of Ghana’s strategic gold purchasing programme—a vital move in strengthening Ghana’s foreign reserves.
“The GoldBod Task Force is a key pillar in Ghana’s commitment to formalising the small-scale gold industry while supporting economic stability,” Gyamfi added.
📊 Background: What Is GoldBod?
The Ghana GoldBod is a government initiative designed to:
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Regulate and manage small-scale gold trade
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Enhance Ghana’s gold reserves through legal channels
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Curb illegal mining and exports
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Support the cedi through structured gold purchases
It forms part of the government’s strategic framework to harness gold as an economic stabilizer, while ensuring that gold revenues benefit the broader population.
Source: https://www.ghanaweb.com
