Business

GoldBod to Launch Blockchain System to Trace Gold and Curb Smuggling

The Ghana Gold Board is set to deploy a blockchain‑based tracking platform that will record gold from mine to market, with a tender process slated to finish before 2026’s end.

GoldBod CEO Sammy Gyamfi speaks at Mining in Motion 2026 forum
GoldBod to Launch Blockchain System to Trace Gold and Curb Smuggling

The Ghana Gold Board (GoldBod) announced that it is procuring a blockchain‑based tracking system to enhance gold traceability, strengthen responsible sourcing and curb illegal trading and smuggling.

Chief Executive Officer Sammy Gyamfi said a national competitive tendering process for the system is underway and will conclude before the end of 2026.

The platform is expected to establish a verifiable record of gold from its legitimate source through the various stages of the aggregation and supply chain.

Speaking at the African Minerals Policy Forum – Mining in Motion 2026, Mr Gyamfi said traceability was essential to sustaining the gains made through reforms in the gold trade.

He explained that the system would help establish the lawful origin of gold and provide assurance that its production, trading and export complied with applicable laws and Organisation for Economic Co‑operation and Development (OECD) guidelines.

“The emerging success story of the GoldBod brings to the fore an equally important responsibility; the responsibility to ensure that the gold it trades is responsibly mined and sourced,” he said.

Mr Gyamfi added that the proposed system would improve accountability and make illegal and irresponsible mining less attractive in the medium term.

Written by

Daniel

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