Ghana is taking a major step toward cleaning up its gold industry with new blockchain technology designed to track every gram.
The Ghana Gold Board (GoldBod), the state authority responsible for buying, selling, grading, valuing, and exporting gold, is introducing a major technological upgrade to reshape Ghana’s artisanal and small-scale mining sector. GoldBod CEO Sammy Gyamfi, Esq., confirmed the plan months after linking it to the Gold Board Bill in Parliament. Pilot projects have already begun, following reports that Ghana loses about $2 billion yearly to gold smuggling.
Created in 2025 under Act 1140, GoldBod is only seven months old, yet Gyamfi revealed at the Dubai Precious Metals Conference that a full Blockchain Track-and-Trace system will be deployed by the end of 2026. The system will trace every gram of gold to its legitimate, sustainable source, using immutable digital records to boost transparency and block illegal activity. Licensed mines will also undergo regular compliance audits to prevent fronts for illegal mining.
The initiative is expected to strengthen regulation, protect supply chains, and increase economic returns.
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