By Ruth Serwaa Asare
The Ghana Gold Board (GoldBod) has announced a $1 billion investment aimed at transforming the country’s mining sector, introducing local refining and creating thousands of jobs for the youth.
Speaking at the maiden Mining and Minerals Convention held at the Kempinski Gold Coast Hotel, CEO Sammy Gyamfi outlined an ambitious strategy to maximise national benefits from Ghana’s mineral wealth. “Through the GoldBod, we are asserting national sovereignty over our mineral resources and introducing a paradigm shift from raw extraction to value retention,” he said.
The $1 billion investment comes through a Memorandum of Understanding with Goldstream Global DMCC, which is expected to convert into a commercial agreement by November 2025. The project plans to establish more than 300 environmentally responsible mines in partnership with concession owners and local communities.
“This programme will increase national gold output, create thousands of jobs and empower communities while delivering sustainable and transformational returns,” Mr Gyamfi said.
Highlighting youth empowerment, he stressed that the Mining Support Programme would provide jobs, training and opportunities for innovation. “Africa is ready to transform. Let our youth lead global trade, not just participate,” he declared.
Concluding his address, Mr Gyamfi called on financiers, government agencies and corporations to partner with GoldBod. “Ghana is resetting, and Africa is rising. All we need now is courage and capital. Let us transform the minerals and mining sector together,” he urged.
