Sammy Gyamfi is the CEO of Goldbod
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has reiterated Ghana’s efforts in combating gold smuggling, particularly in the Artisanal and Small-Scale Mining (ASM) sector.
In an interaction on CNBCA Africa, Gyamfi stated that the Gold Board has deployed a robust national aggregation system aimed at capturing nearly all ASM gold production, a move he described as a game-changer in securing the country’s mineral revenue.
“We have intensified the fight against gold smuggling like never before. Effective aggregation networks and systems have been rolled out across the country to mop up almost all ASM gold produced,” he stated.
He noted that the era in which a substantial portion of ASM gold was lost to smuggling, along with associated revenue and environmental degradation, is now over.
“Today, the state is mopping up ASM gold responsibly. We are exporting it and bringing in the corresponding foreign exchange to support the economy,” he added.
He further emphasised the Gold Board’s commitment to financial integrity and transparency.
“To obtain a Gold Board license, companies must pass Know Your Customer (KYC) and due diligence checks conducted in collaboration with the Bank of Ghana and the Financial Intelligence Centre.
“We are committed to promoting anti-money laundering and counter-terrorism financing regulations. That’s why we work closely with the Bank of Ghana and the Financial Intelligence Centre to ensure compliance,” he added.
Watch CNBCA Africa’s interaction with the CEO of GoldBod Sammy Gyamfi ( Esq.) . The interview focused on the sucesses of the GoldBod so far . pic.twitter.com/AK1GU37PIp
— Ghana GOLDBOD (@GhanaGOLDBOD) June 7, 2025
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