GoldBod to launch financing support programme for small-scale miners in 2027 – Sammy Gyamfi
The Ghana Gold Board (GoldBod) will introduce an Artisanal and Small-scale Mining Formalisation and Financing Support Programme in 2027 to improve productivity, create jobs and reduce the environmental impact of mining.
In 2027, the Ghana Gold Board, known as GoldBod, plans to launch a Financial Support Programme specifically designed for small-scale miners. This initiative aims to enhance productivity, generate employment, and lessen the environmental impact of mining activities. CEO of GoldBod, Sammy Gyamfi, revealed that the program will be executed in partnership with the Ministry of Lands and Natural Resources, along with the University of Mines and Technology, and will receive technical assistance from South Africa's Rand Refinery.
Gyamfi highlighted that the program's main objectives include formalising mining operations, boosting gold recovery, and cutting down on operational costs. Speaking at the African Minerals Policy Forum – Mining in Motion 2026, Gyamfi emphasized that regulation should be complemented by practical aid to ensure miners can function legally and sustainably.
He argued that well-organized small-scale mining could lead to a better quality of life, bolster local economies, produce foreign currency, and stimulate indigenous businesses.
According to Gyamfi, successful reform hinges on making compliance a route to opportunity, rather than a source of hardship. He further explained that with proper formalisation and financial assistance, artisanal and small-scale mining could play a significant role in improving livelihoods, generating foreign exchange, reinforcing reserves and local economies, fostering indigenous enterprise, and promoting sustainable national development.
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