The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says the government’s GoldBod initiative has created more than 1,300 jobs across the public and private sectors.
Speaking before Parliament’s Public Accounts Committee on Tuesday, October 13, 2026, Mr Gyamfi said at least 300 jobs had been created in the mainstream public sector, while the private sector component accounted for close to 1,000 jobs.
He attributed the private sector employment to reforms in gold-buying licences, the operations of self-financing aggregators and refineries contracted to process gold locally.
“In terms of the private sector jobs, close to a thousand through the license reforms that have introduced four-tier licenses, tier one, tier two, self-financing aggregators, who are all employing more workers, and also the refineries that we’ve contracted to refine gold locally, employing workers,” he told the committee.
Mr Gyamfi said GoldBod would publish official figures on the number of jobs created through the initiative by December 2026.
He explained that the licensing reforms had introduced four categories of gold-buying licences: Tier 1, Tier 2, Tier 3 and Tier 4, creating opportunities for more people to participate in the gold trade and employ additional workers.
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According to him, the Tier 2 category currently has more than 700 licence holders, many of whom employ between three and five people.
He identified Tier 2 licence holders as a significant source of employment for young people, noting that eligible buyers could access financing indirectly through licensed aggregators.
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The Ghana Gold Board was established to oversee and regulate Ghana’s gold trading activities, with responsibilities that include supporting foreign exchange generation and gold reserve accumulation. Its activities also seek to strengthen oversight of the gold trade and promote greater domestic value addition through local refining and related industries
