Sammy Gyamfi: GoldBod recovers GHC38.7m of GHC55.9m owed to PMMC

The Ghana Gold Board (GoldBod) initiative has generated over 1,300 jobs in both the public and private sectors, according to Sammy Gyamfi, the organization's CEO. Gyamfi revealed this information during his testimony before Parliament's Public Accounts Committee on October 13, 2026.

Gyamfi emphasized that the initiative has created approximately 300 jobs within the public sector. In the private sector, the licensing reforms introduced four tiers of gold-buying licenses - Tier 1, Tier 2, Tier 3, and Tier 4. These licenses have facilitated the establishment of self-financing aggregators, who have been employing more workers. Additionally, GoldBod has contracted refineries to refine gold locally, creating further job opportunities.

The private sector's contribution to job creation under the GoldBod initiative is projected to exceed one thousand positions. Gyamfi assured the committee that GoldBod will publish the official figures of the jobs created through the initiative by December 2026.

The licensing reforms have introduced four categories of gold-buying licenses. Tier 2, in particular, has seen over 700 license holders, many of whom employ between three and five people. Gyamfi highlighted Tier 2 licence holders as a significant source of employment, especially for young people. He explained that eligible buyers could access financing indirectly through licensed aggregators, fostering economic growth and employment opportunities in the gold trade sector.