The Ghana Gold Board (GoldBoard) has received wide commendation from industry experts for its transformational leadership in establishing GoldBoard Jewellery Limited, a wholly owned state subsidiary to add value to Ghana’s locally produced gold and minerals.
Renowned natural resource governance advocate, Dr. Steve Manteaw described the move as a “game changer” in the country’s mining sector.
“Value addition is a game changer in this business. It adds value to our minerals, fetches more export revenue, creates jobs, and brings in additional tax revenue at both corporate and personal levels. It takes visionary leadership to set on a path like this,” Dr. Manteaw wrote in a Facebook post.
Mr. Senyo Hosi, Convenor of One Ghana Movement and former CEO of the Chamber of Bulk Oil Distributors, also praised the initiative urging Ghanaians to patronize it toward industrialisation and wealth retention within the local economy.
Mr Hosi writes: “The PMMC I bought my wedding band from, almost 18yrs ago has a new face. It has transformed. It is now the GoldBod Jewellery Limited; a fully- state owned Ghanaian jewellery manufacturing company.
It has restructured and rebranded to serve Ghana better with authentic and exquisite locally-crafted jewellery and ornaments”.
The creation of GoldBoard Jewellery forms part of efforts to shift Ghana from a raw material exporter to a value-driven producer.
Analysts say the move could generate thousands of jobs, stimulate small-scale mining linkages, and increase foreign exchange earnings through jewellery exports.
Speaking at the outdooring of Bola Ray and Joselyn Dumas as brand ambassadors for Ghana’s gold jewellery campaign recently, GoldBoard CEO, Sammy Gyamfi said the new subsidiary represents a major leap toward economic transformation.
He reiterated President Mahama’s vision of positioning Ghana as Africa’s leading hub for authentic gold jewellery and ornaments through local value addition.
Industry watchers believe the initiative could strengthen the cedi further, deepen industrialisation, and mark the beginning of a new era where Ghana’s gold industry thrives not just on extraction, but on innovation and value creation.
Since it’s establishment as the sole entity with the mandate to purchase gold from the small scale production sector less than 12-months ago, GoldBod has raked in over $8 billion in gold exports for the state between January and October, 2025.
This has significantly contributed to the stability of the 60-year old Ghana cedi.
By: Christian Kpesese/www.naturalresourcesnews.com
