The Ghana Gold Board has announced plans to establish District Gold Buying Centres across key mining districts to improve transparency, oversight, and accountability in the country’s gold purchasing system.
The initiative is part of broader reforms aimed at strengthening Ghana’s gold trading structure while addressing persistent challenges such as smuggling and unregulated transactions.
According to officials, the centres will provide a formal marketplace where gold transactions can be properly documented and monitored.
Structured markets for gold transactions
Chief Executive Officer of GoldBod, Sammy Gyamfi, said the planned centres will help create an organised system for buying gold in mining communities.
He explained that the facilities will serve as structured trading hubs where transactions can be recorded in a transparent manner, improving traceability across the supply chain.
“The centres will serve as structured markets where gold transactions can be properly monitored and recorded,” Mr. Gyamfi said, noting that the approach will help protect both licensed buyers and the national interest.
According to him, the system will ensure that gold produced in Ghana can be tracked more effectively from mining sites to the market.
Reform agenda targets smuggling and revenue losses
The establishment of District Gold Buying Centres forms part of GoldBod’s wider reform agenda aimed at modernising the gold trading sector.
Authorities say the initiative will help curb illegal gold exports, reduce revenue leakages, and promote a more competitive market environment for licensed operators.
By strengthening oversight in mining districts, the Gold Board expects the new system to support responsible gold trading while improving Ghana’s ability to maximise the economic benefits from its mineral resources.
Officials say the reforms will also contribute to building greater confidence among investors and stakeholders in the country’s gold industry, which remains a key pillar of the national economy.
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