Ghana Gold Board to Tackle Illegal Mining with New Traceability System

Ghana Gold Board CEO Addresses Illegal Gold Mining: A Traceability Technology Solution on the Horizon Accra, Ghana – Samuel Gyamfi, CEO of the Ghana Gold Board, recently made a statement addressing the ongoing challenge of illegally mined gold. In a video interview, Gyamfi clarified the organization's firm stance against purchasing gold from illicit sources. "As an organization (Ghana Gold Board), we don’t buy illegally mined gold. We don’t. That is the policy position," Gyamfi stated. He emphasized the difficulty in verifying the origin of all gold due to the lack of a robust traceability system. However, he expressed confidence that this issue will be resolved soon. Gyamfi explained that the absence of reliable technology to trace the gold back to its source is a significant hurdle. "Because of the absence of a traceability technology that is able to trace all that gold to the mines they were produced," he said, indicating the current limitations in combating illegal mining. The Gold Board is working towards deploying a new system by September of this year. This system will allow them to trace every gram of gold they purchase to the mine where it was produced. This initiative represents a significant step forward in Ghana's efforts to curb illegal gold mining and promote responsible sourcing practices in the gold industry. The implementation of this technology promises a more transparent and ethical gold supply chain for Ghana.