GoldBod to establish district gold buying centres to boost transparency

The Ghana Gold Board (GoldBod) has announced plans to establish District Gold Buying Centres across mining districts to strengthen transparency, oversight and accountability in gold purchasing.

The Chief Executive Officer of GoldBod, Sammy Gyamfi, said the centres will function as structured markets where gold transactions can be properly monitored and recorded.

According to a statement posted on Facebook, the initiative will improve traceability in the gold trade while protecting both licensed buyers and the national interest.

Mr Gyamfi explained that the move forms part of the Board’s broader reform agenda aimed at curbing gold smuggling, reducing revenue leakages and promoting a transparent and competitive gold trading system in Ghana.

He noted that the establishment of the district-level centres will also enhance regulatory oversight and ensure that gold purchasing activities are conducted within a formal and accountable framework.