To provide an operational structure, the Finance Minister establishes the GoldBod Technical Committee.

Dr. Cassiel Ato Forson, Minister of Finance, has officially opened the Ghana GoldBod Technical Committee.
The goal of President John Mahama’s administration’s flagship Goldbod initiative is to achieve monetary stability by managing and buying the nation’s gold resources systematically. The effort aims to formalize gold transactions, optimize the gold value chain, and stop illicit activity in the industry.
Dr. Forson emphasized the necessity of a coordinated strategy to solve issues in the gold sector during a ceremony to establish the committee in Accra.
To increase the worldwide acceptability of gold from Ghana, he stated, “This will include the adoption of a purposeful program to formalize gold trading from the small-scale mining industry and promote traceability.”
Dr. Forson emphasized the fragmented character of the gold market, pointing out that many people and organizations with export or gold-buying licenses function without the necessary oversight.
“A large number of foreigners and Ghanaians with export and/or gold-buying permits are involved in the gold export and purchase industry. Widespread gold smuggling has resulted from this disjointed, disorganized, and uncontrolled system, which has also cost the state much-needed foreign exchange. The Ghana GoldBod will have the responsibility of regulating and streamlining the industry to resolve these problems.
Additionally, he chastised the Minerals Income Investment Fund (MIIF) for straying from its main purpose and investing in gold, which has led to large losses.
Samuel Gyamfi, Managing Director of PMMC (Precious Minerals Marketing Company), said he was certain the Technical Committee could fulfill its duty.
“The collected committee members possess the necessary knowledge and experience to create an operational structure that is appropriate for its intended use and capable of producing the results necessary for the GoldBod’s establishment.”
Experts from a range of public and private sector organizations make up the Technical Committee, including:
- Acting Managing Director, PMMC, Sammy Gyamfi Esq.
- Dr. Abdul Baasit Aziz Bamba, a lawyer; Marietta Agyeiwaa Brew, the president’s legal counsel
- Former Bank of Ghana Deputy Governor Dr. Johnson Asiamah
- Dr. Tony Aubyn, the Minerals Commission’s former COE
- Joojo Kakra Bannerman is Standard Chartered Bank’s head of financial markets.
- The Minerals Commission’s CEO, Martin Kwaku Ayisi
- Joseph Iroko, Minerals Commission Manager, Legal
- Eric Bukari is the Minerals Commission’s Small Scale Mining Manager.
- Paul Elikplim Bleboo, Deputy Manager, Bank of Ghana’s Gold Desk
- MIIF’s Chief Technical Officer, Kwabena Agyemang Barning
- The Director of Corporate Planning of PMMC is Mr. Ernest Asiedu Odami.
- Head of Business Development at PMMC, Sharon Quaye
- P MMC’s Director of Finance, Mohammed Abubakar
- P MMC’s Head of Field Operations, Bernard Samua M. Annan
- Geologist, Mineral Economist, Finance Professional, Private Attorney Richard Kofi Afenu Esq.
- The chairman of the Ghanaian Chamber of Bullion Traders is Mr. Kwaku Effah Asuahene.
- The National Association of Small-Scale Miners’ general secretary is Godwin Nichelsen Armah.
- Gold Trading Consultant Roger Kwakye
- An official from the Finance Ministry
- An Official from the Attorney General’s Office
The committee’s assignment is to create an operational framework and a suggested bill for the GoldBod initiative. The following are the deadlines for their work:
Technical Committee Constitution, January 27, 2025
-Brainstorming session, January 28–29, 2025
Proposed Ghana GoldBod Framework Drafting: January 30–February 4, 2025
Presentation on February 5, 2025, of the Proposed GoldBod Bill and Amendments
Ghana GoldBod’s Business Launch Date: March 8, 2025
An important step in utilizing Ghana’s gold resources for stability and economic expansion is the GoldBod program. The government hopes to reduce smuggling, increase foreign exchange profits, and guarantee the long-term viability of the gold trade by formalizing and regulating it.