The Ghana National Association of Small-Scale Miners (GNASSM) has presented a comprehensive report to the Ghana Gold Board (GoldBod) following nationwide engagements on the GoldBod pricing mechanism and broader reforms in the small-scale mining sector.
The report captures feedback from miners and traditional authorities across major mining districts in the country.
According to the report, the engagements recorded strong stakeholder participation and a growing consensus around the need for responsible, licensed, and well-regulated mining.
It noted increased involvement of traditional authorities in discussions on mining governance, as well as a rising willingness among small-scale miners to formalise their operations under the evolving regulatory framework.
The nationwide consultations were aimed at improving stakeholders’ understanding of ongoing reforms, clarifying compliance requirements, and building confidence in GoldBod’s pricing and purchasing system.
GNASSM indicated that these engagements helped address concerns around pricing transparency, regulatory enforcement, and the long-term sustainability of the small-scale mining sector.
As part of its recommendations, the association proposed the introduction of a two percent discount within the pricing structure, alongside a new licensing regime to discourage gold hoarding and curb market distortions.
The report argued that these measures would incentivise compliance, enhance transparency, and improve gold supply flows through formal channels.
Reacting to the presentation, the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, welcomed the report and commended GNASSM for its extensive stakeholder consultations.
He reaffirmed GoldBod’s commitment to working closely with the association, traditional authorities, and other stakeholders to implement the recommendations, stressing that sustained engagement is critical to advancing formalisation, traceability, and value retention in Ghana’s gold sector.
