Deputy Finance Minister Thomas Nyarko Ampem has confirmed that GoldBod was not created to combat illegal mining, commonly known as galamsey. He stated on GTV’s Breakfast Show that the responsibility for tackling galamsey rests with other designated state institutions. This public clarification aims to define GoldBod’s operational boundaries and dispel misconceptions about its mandate.
Mr. Ampem's statement highlighted that existing agencies like the Minerals Commission and the Forestry Commission are specifically tasked with addressing illegal mining activities. He stressed that GoldBod’s function does not involve enforcement or regulatory actions against galamsey. This clear distinction defines the roles of various government entities in the fight against illicit gold extraction.
This clarification comes amid a national focus on combating galamsey, which significantly impacts Ghana’s environment and economy. Illegal mining activities have led to severe land degradation and water pollution, affecting livelihoods and public health. Ghana’s government has implemented several initiatives to curb these activities, involving multiple state security and regulatory bodies. The gold sector contributes significantly to Ghana's export earnings, making its management crucial for economic stability. In 2023, Ghana’s gold sector reportedly contributed over $7 billion to the national economy through exports.
“GoldBod is not established to fight galamsey. Let’s put it on record,” Mr. Ampem asserted during his television appearance. He also maintained that there is no evidence suggesting GoldBod purchases illegally sourced gold. “It would be difficult for someone to point to the fact that GoldBod is buying galamsey gold,” he added, addressing concerns about the origin of gold traded by the state entity.
The Deputy Minister’s remarks set the stage for continued public scrutiny of GoldBod's operations and the overall gold sector. Stakeholders will closely monitor GoldBod’s purchasing practices to ensure adherence to ethical sourcing standards. This clarification should redirect public and media attention towards the institutions specifically mandated to tackle galamsey. Government and industry experts will further examine measures to prevent illegal gold from entering the formal market supply chain. This helps maintain the integrity of Ghana's legitimate gold export industry, which is vital for the nation's foreign exchange earnings. Ghana remains one of Africa's leading gold producers.