The Chamber of Licensed Gold Buyers (CLGB) has called for enhanced training, financing, and technology support for licensed gold buyers and artisanal and small-scale miners (ASM) to consolidate gains made under Ghana’s gold formalisation drive.
In a statement issued in Accra on Thursday 23 October, the Chamber said sustained capacity-building initiatives and access to finance are essential to improving productivity and ensuring that small-scale miners fully benefit from the sector’s ongoing transformation.
The CLGB also urged the Ghana Gold Board (GoldBod) to accelerate the rollout of digital traceability systems and establish ISO and LBMA-compliant assay laboratories to guarantee the quality, transparency, and international credibility of Ghana’s gold exports.
According to the Chamber, such reforms will strengthen the country’s reputation as a reliable source of responsibly mined gold and help curb smuggling and illicit trade.
The Chamber further commended GoldBod for significant progress in formalising the ASM sector, which has driven a 70 percent increase in small-scale gold output—from 1.1 million ounces in 2023 to 1.9 million ounces in 2024—and boosted national gold exports.
CLGB CEO Mr. Kwaku Amoah described GoldBod’s efforts as “a game-changer for value retention, economic development, and sustainable mining,” noting that formalisation has contributed to stronger foreign exchange inflows and national reserves.
The Chamber reaffirmed its commitment to collaborate with GoldBod, the Ghana Chamber of Mines, and the Ministry of Lands and Natural Resources to promote ethical sourcing, digitalisation, and downstream value addition, including refining and jewellery manufacturing, to create more jobs and deepen economic impact.
Below is the full statement:
