Senyo Hosi praises Ghana Gold Board CEO for promoting responsible and sustainable mining

Finance and economic expert Senyo Hosi has praised the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, for strongly promoting responsible mining and environmental protection. Mr. Hosi publicly showed his support through a Facebook post, saying the Gold Board CEO’s message is important for Ghana’s future.

Mr. Gyamfi made his remarks at the Precious Metals Conference in Dubai, where he emphasized that no amount of gold is more valuable than the safety, wellbeing, and long-term sustainability of Ghanaians. He stressed that Ghana must protect its environment even as it seeks to grow its mining industry.

Senyo Hosi described Mr. Gyamfi’s comments as timely, especially as the country continues to debate how to balance mining activities with environmental care. He wrote that the CEO’s position reflects the national conversation on ensuring that mining supports development without destroying the environment.

In his post, Mr. Hosi thanked Mr. Gyamfi for speaking boldly on the international stage. He encouraged him to continue pushing for a balance between economic growth and environmental sustainability. “Let’s continue to work together to achieve the right balance between the mining we need and the sustainability we owe posterity,” he added.

The praise comes at a time when the Ghana Gold Board is introducing major reforms to clean up and transform the country’s gold trading system. These reforms aim to fight smuggling, ensure transparency, and improve oversight of the artisanal and small-scale mining (ASM) sector.

One of the key reforms is giving the Gold Board exclusive authority to assay, grade, value, purchase, and export all gold from the small-scale sector. The Board has also introduced a new, transparent pricing system to ensure miners and buyers receive fair and consistent prices.

Other measures include a national gold aggregation system, which will help collect gold from different regions in a more organised and secure way. The Board is also updating licensing requirements to encourage responsible mining practices and compliance with national standards.

A major innovation soon to be introduced is a blockchain-based Track and Trace platform. This digital system will allow the country to track every gram of gold produced, ensuring full transparency and preventing illegal trading.

These reforms are already making a positive impact. Recent data shows that exports from the artisanal and small-scale mining sector have now surpassed those from large-scale mining companies—a sign that the sector is becoming more formalised and better regulated.

Industry analysts say these reforms could also boost investor confidence, as clearer monitoring and better regulation make Ghana’s gold sector more trustworthy. They believe that if the new systems are fully enforced, Ghana could become a leading example in Africa for responsible and transparent gold production.