Ghana is ready to overtake its gold sector with a blockchain-powered monitor and hint system by the tip of 2026, guaranteeing full traceability and authorized origin of all gold exports.
Aggressive Reforms and Prolonged Timeline
Ghana is getting ready for an overhaul of its gold sector with the introduction of a blockchain-powered monitor and hint system by the tip of 2026. The system is designed to make sure the total traceability and authorized origin of all gold bought and exported from the nation.
The announcement was reportedly made by Sammy Gyamfi, chief govt officer of the Ghana Gold Board, through the 2025 Dubai Treasured Metals Convention on Nov. 24. The initiative is a part of sweeping reforms meant to scrub up the artisanal and small-scale mining (ASM) sector and get rid of unlawful mining from the gold provide chain.
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Regardless of being operational for under seven months, the Gold Board is transferring to deploy the Monitor and Hint system. Gyamfi defined that the system will confirm the professional and sustainable origin of each gram of processed gold and can embrace compliance audits to stop licensed mines from getting used as fronts for unlawful operations.
Gyamfi said the initiative is essential for curbing gold smuggling, strengthening regulatory oversight, and selling anti-money laundering (AML) and counter-terrorism financing (CTF) measures. In keeping with a report, deployment of the blockchain-based system just isn’t merely a coverage purpose however a authorized requirement enshrined in Part 31X of the Gold Board Act (Act 1140).
Gyamfi revised the preliminary goal date for the system’s launch—beforehand introduced for the primary quarter of 2026—extending the timeline to the tip of 2026 to permit for complete procurement and deployment processes.
The CEO, in the meantime, is quoted in an area report highlighting the pivotal function of ASM in Ghana’s 2025 financial restoration. The sector contributed 90 tonnes of gold, representing about 53% of the nation’s whole gold exports, and generated over $9 billion in international change. The ASM sector now helps over a million jobs.
Nonetheless, Gyamfi warned that unregulated and unlawful mining continues to pose a big menace to Ghana’s rivers, forests, and public well being. To deal with this, the Gold Board has stepped up enforcement, launching a devoted process power that has arrested and is prosecuting a number of unlawful merchants. The Board can also be investing in an Worldwide Group for Standardization (ISO) licensed assay laboratory to modernize gold testing throughout the ASM worth chain.
Name for a International Certification Regime
Describing gold smuggling as a serious driver of cash laundering, Gyamfi urged the worldwide neighborhood to help the creation of a worldwide certification regime—just like the Kimberley Course of for diamonds—to stop smuggled gold from coming into professional markets.
He referred to as on key worldwide our bodies, together with the Dubai Multi Commodities Centre (DMCC), the OECD, the London Bullion Market Affiliation (LBMA), and the World Gold Council, to again creating international locations of their efforts to formalize the ASM sector.
The Gold Board’s reforms, established underneath President John Dramani Mahama’s pledge for accountable mining, have already boosted Ghana’s financial system, contributing to a 35 p.c appreciation of the cedi this yr and a $2.1 billion commerce surplus. The Gold Board and the Treasured Minerals Advertising and marketing Firm generated over $8 billion from small-scale gold exports between January and October 15, 2025—a 75 p.c enhance over the full for all of 2024.
FAQ 💡
- What’s Ghana’s new gold initiative? A blockchain-powered Monitor and Hint system to certify all gold exports by 2026.
- Why was the launch timeline prolonged? The rollout was moved to end-2026 to permit full procurement and deployment.
- How very important is ASM to Ghana’s financial system? Artisanal mining produced 90 tonnes in 2025, incomes $9B and supporting 1M jobs.
- What world help does Ghana search? A certification regime just like the Kimberley Course of to cease smuggled gold coming into markets.
