• Ghana Gold Board advances a traceability system covering gold from extraction to export.

• Authorities target 100 tonnes of ASM gold exports worth $10 billion.

• Gold sector generated $20.9 billion out of $31.1 billion export revenue last year.

More than a year after its creation as the sector’s regulator, GoldBod has started implementing a strategy to improve transparency in gold transactions. The institution, led by Sammy Gyamfi, is developing a dedicated system to trace gold, with several companies already participating in the process.

In an update published on Monday, April 20, GoldBod said the planned system will track and trace gold from extraction to export once operational. Authorities launched a tender process between late March and mid-April, and 27 companies submitted proposals. A dedicated committee is currently evaluating the technical capacity of bidders and the proposed solutions.

GoldBod views the initiative as a key step in its broader strategy to formalize and better manage Ghana’s artisanal gold sector, following reforms introduced in 2025. Authorities implemented a new purchasing system targeting artisanal miners and rolled out measures to sanitize the sector.

As a result, officials announced a record export target of 100 tonnes of ASM gold last year, with expected revenues estimated at $10 billion.