Latest news with #GoldBoard
BBC News
12-05-2025
- Politics
- BBC News
Who be Sammy Gyamfi wey Ghana president dey under pressure to punish and why?
One goment official - Sammy Gyamfi dey face pressure for Ghana afta one viral video ova di weekend show how im dey count plenty dollar notes from im car wey im dash one controversial woman preacher. Inside di video wey bin dey trend, di CEO of di gold board and di popular preacher Nana Agradaa from one event bin dey chat wen dem take pictures near di goment official im car. Na so afta dem take di picture, she ask for money wia Sammy Gyamfi enta di car to count di dollar notes for her. Nana Agradaa bin dey shout say make di CEO give am all di dollar notes; afta she show di moni wey im collect from Sammy Gyamfi to di cameras. Many pipo don tok say wetin Sammy Gyamfi do dey "inappropriate" for pesin wey be goment official under President John Mahama wey tok say im no go tolerate opulence and luxury lifestyle from im appointees. Tori be say di kontri Chief of Staff Julius Debrah don summon Sammy Gyamfi to di seat of goment to answer questions about dis mata. Wetin dey inside di code of conduct Only last week, di president bin launch code of conduct for im public officers wey go regulate how dem dey behave for public office. Among oda tins, di president tok say "dis code na bold declaration of di standards we get to uphold as servants of di public." President Mahama also tok say "all political appointees get to avoid opulence wia dem get to be accountable for di use of public funds. "Dem for show humility and respect di citizens," di president tok during di launch of di document. Goment officials wey no comply wit di code of conduct fit face sanctions from public apology to dismissal. Sammy Gyamfi issue apology Afta pipo don put pressure on top di gold board CEO, im write apology on top im social media page. Sammy Gyamfi write say, "dis na kind gesture to fellow human being; like how I bin dey lend helping hand to di needy." "I tink say I just dey show kindness for private, I no sabi say dis tin go enta di public space. Dis na unfortunate and regrettable tin." Sammy Gyamfi add say, "I see how dis tin don vex party members, I dey apologise for dis unfortunate act of indiscretion." Despite dis, pipo still tok say make di president sanction am. Anoda reason dis tin dey vex most pipo na sake of di woman preacher (Nana Agradaa) wia Sammy Gyamfi dash di moni be controversial pesin wey bin tok say she repent from being fetish priestess to become woman of God. Pipo and ogbonge civil society groups wan make di president take action Na so many pipo dey tok say wetin di CEO of Gold Board Sammy Gyamfi do na wrong tin. Di Ghana integrity initiative (GII) tok say President Mahama need to take serious action for dis mata. Executive director Mary Adda say, "dis na opportunity for di president to show say im mean business. Im get to use dis mata to show say im dey committed to ethical governance." Oga for di IMANI center for policy and governance Franklin Cudjoe say, "dis na difficult tin. E dey clear say di moni dey above GHc 20k ($1,500). Sammy get to answer questions to us and di president." Members of im own party don dey tok say im no try for dis mata. Former NDC MP for Kumbungu Ras Mubarak bin write on top im social media say "you no fit justify dis mata, as public officer dey dash forex (dollars) especially at di time di cedi don dey do well, even if im earn di money, dis fit to affect di local currency and di economy." "Sammy Gyamfi im error of judgement fit cause lack of confidence for di cedi; such tins fit affect di value of di cedi," Ras Mubarak write. Pipo dey wait wetin di president go do about dis mata, sake of Sammy Gyamfi na ogbonge pesin wey help di goment win election. Sammy Gyamfi profile Oga Sammy Gyamfi na lawyer wey be national tok-tok pesin for di national democratic congress (NDC). During di campaign, im lead di party to fire di goment well well on top media platforms and oda places. Im criticize di former Akufo-Addo goment say dem spend di kontri moni on lavish lifestyles and oda tins. For di party, im na wetin sabi pipo describe as "darling boy". Afta di party win elections, di president bin appoint am as di CEO of di gold board. Since im become oga for di gold board, dem ban foreigners and oda pipo from trading for di local gold market for Ghana. Di only body wey fit deal for di trading of gold na dis gold board, wey dis na to "strengthen industry laws and for national benefits."
Zawya
19-03-2025
- Business
- Zawya
Ghana Bolsters Mining Sector Growth Through Local Content Participation
Ghana is ramping up efforts to enhance local content participation in the mining industry, aiming to maximize the beneficiation of its mineral resources. By supporting small-scale miners, promoting local procurement and ensuring international firms hire and train local staff, Ghana is catalyzing employment creation, revenue generation for local businesses and driving GDP growth through the expansion of the mining industry. The upcoming Mining in Motion Summit, taking place from June 2-4 in Accra, will highlight the role of local mining entities in industry expansion, showcasing the collaboration between the government and international partners to accelerate economic growth through increased local participation. Ghana's commitment to local involvement is yielding substantial results, with the small-scale gold mining sector employing one million people, indirectly supporting 4.5 million more and generating over $5 billion ( in export revenue in 2024 alone. To further empower local players, the government has introduced key policy reforms and a series of financing and skills training programs. In January 2025, Ghana announced the establishment of the Gold Board ( - set to launch in March 2025 - which will consolidate gold output from small-scale and industrial mining projects for international exports. The initiative aims to streamline gold commercialization for small-scale miners while enabling them to secure funding through certificates of gold sales. In August 2024, Ghana also unveiled plans for a Cooperative Mining Policy ( designed to establish community mining cooperatives. The cooperatives will provide training, register miners and issue concessions, fostering job creation and formalizing the sector. In parallel, the Environmental Protection Agency and the Ministry of Lands and Natural Resources secured World Bank funding in April 2024 to implement the Ghana Landscape Restoration and Small-Scale Mining Project ( The project seeks to enhance the formalization of small-scale mining operations through District Mining Committees. Furthermore, the Minerals and Mining (Local Content&Local Participation) Regulations, 2020, require international firms to procure Ghanaian goods and services in their operations, enhancing the participation of local firms in project development and maintenance. With several large-scale projects underway, including Goldstone's Homase Mine, Atlantic Lithium's Ewoyaa Project, the Cardinal Namdini Gold Mine and Newmont's Ahafo North Project, the policy continues to strengthen local content participation in Ghana's mining sector. Amidst these developments, the Mining in Motion Summit will serve as a platform for high-level discussions and networking, addressing key trends and advancements in local content development within Ghana's mining industry. Stay informed about the latest advancements, network with industry leaders and engage in critical discussions on key issues impacting ASGM and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power. About Ashanti Green Initiative: The Ashanti Green Initiative is a foundation dedicated to promoting environmental restoration, advocating for climate-related issues, and fostering community development in Ghana and beyond. Guided by a commitment to sustainability, the foundation undertakes projects aimed at rehabilitating degraded lands, restoring water bodies, and promoting responsible natural resource management. The initiative also champions regenerative practices in mining, agriculture, and energy, aligning with global efforts to combat climate change while uplifting local communities through education, capacity-building, and economic empowerment programs. The Ashanti Green Initiative is led by Nana Kwaku Duah, son of His Majesty Otumfuo Osei Tutu II, King of the Ashanti Kingdom. Under his leadership, the foundation applies forward-thinking approaches and innovative solutions, creating impactful partnerships with local and international stakeholders to drive meaningful change. About Energy Capital&Power: Energy Capital&Power is an Africa-focused global leading investment platform for the energy and mining sectors. Through a series of events, online content and investment reports, we unite the entire energy and mining value chains – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
Reuters
27-01-2025
- Business
- Reuters
Ghana plans gold board to increase earnings and curb smuggling
ACCRA, Jan 27 (Reuters) - Ghana plans to launch a Gold Board to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling, the west African country's newly appointed finance minister Cassiel Ato Forson said on Monday. The Gold Board will allow Africa's leading gold producer to increase its benefits from the precious metal's sales and help maintain the national currency's stability. Data from Ghana's central bank showed that total gold exports for 2024 stood at $11.64 billion, a 53.2% year-on-year increase which helped nearly double Ghana's trade surplus to $4.98 billion in 2024. The minister said nearly $5 billion worth of gold exported last year was from legal small-scale miners. "The time has come for Ghana to expand beyond royalties and taxes by harnessing the entire value chain of gold ... from extraction to refinery, value addition and marketing, both locally and internationally," Forson said. The board will be launched in early March, he added. The gold programme will be implemented with the aim of pursuing the stringent London Bullion Market Association certification, which prohibits refiners from handling gold from sources contributing to human rights abuses, conflict, crime or environmental degradation. "Currently, the chaos in the Ghana's gold purchasing sector prevents the nation from fully benefiting from its gold resources," Forson said. The board will act as the sole buyer of gold through licence aggregators and local traders, shifting away from the system where Ghanaians and foreign companies with export licenses could purchase it without going through the approved rules. "This fragmented, uncoordinated, and unregulated system has led to a widespread gold smuggling and deprived the state of much-needed foreign exchange," Forson said.
