Ghana Gold Board Set for Full Operations in 2026, Aims to Transform Gold Trading

The Ghana Gold Board, known as GoldBod, is poised to commence full-scale operations in 2026, marking a significant shift in the country's gold trading and reserve management practices. CEO Sammy Gyamfi announced that the Board will transition from its current role as an agent for the Bank of Ghana, a position it has held since taking over from the now-defunct Precious Minerals Marketing Company Limited (PMMC).

Gyamfi outlined that 2025 will be dedicated to establishing the necessary institutional and operational frameworks to facilitate this transition. The planned reforms are designed to enhance the regulatory framework surrounding the Gold-for-Reserve program, address structural challenges, and improve mechanisms to combat smuggling while ensuring pricing efficiency.

The CEO emphasized that GoldBod's primary focus is on generating foreign exchange and fostering national economic stability, rather than pursuing profit maximization. To ensure accountability and transparency, financial audits are scheduled for early 2026, which will assess the Board's performance prior to the operational launch.