President John Dramani Mahama has reaffirmed his administration’s commitment to ensuring that GoldBod leads the way in responsible and sustainable mining practices in the digital era.
Speaking at the Mining in Motion conference at Kempinski Hotel in Accra on Monday, June 2, 2025, President Mahama revealed that GoldBod will soon roll out a track-and-trace system aimed at promoting the ethical and transparent sourcing of gold.
“GoldBod is taking bold and necessary steps to ensure that every ounce of gold can be traced to its origin, and that the process behind it meets both national and international standards for sustainability,” he stated.
The track-and-trace initiative is a cornerstone of GoldBod’s broader strategy to achieve London Bullion Market Association (LBMA) certification — a globally recognized mark of credibility and trust in the gold industry.
To earn LBMA certification, gold refiners must meet a rigorous set of criteria, including financial stability, an accredited analytical laboratory, proven production capacity, industry experience, and a firm commitment to responsible sourcing. Ongoing independent audits are required to retain this status.
“This step strengthens the Board’s vision of sanitizing Ghana’s gold trade and ensuring it contributes meaningfully to national development,” President Mahama added.
In the drive to eliminate illegal mining and bolster regulatory compliance, Chief Executive Officer of GoldBod Sammy Gyamfi, scheduled to speak at the conference on Tuesday, June 3, has already hinted at complementary enforcement strategies.
With these digital and regulatory reforms, GoldBod is positioning Ghana not just as a leading gold producer, but as a standard-bearer for ethical mining on the global stage.
The Mining in Motion conference continues tomorrow, with high-level discussions expected to center on governance, investment, and inclusive growth in the extractive sector.
Source: Ghana/Starrfm.com.gh/Benjamin Sackey
