Ghana Chamber of Mines, Bank of Ghana deepen partnership to future-proof mining sector

In a strategic move to strengthen collaboration and enhance the resilience of Ghana’s mining industry, the Ghana Chamber of Mines on Wednesday, June 25, 2025, held a high-level engagement with the Governor of the Bank of Ghana (BoG), Dr. Johnson Asiamah.

The discussions aimed to chart a forward-looking path that aligns the mining sector’s potential with the country’s broader economic development goals.

The meeting focused on key areas of mutual interest, including a reinforced commitment to the Domestic Gold Purchase Programme (DGPP), with proposals to extend participation to all Chamber members. Other critical points of discussion included increasing Ghana’s gold reserves, supporting local production of mining inputs, conducting a gold sector impact study to inform policy, and exploring innovative fund management strategies tailored for mining companies.

To ensure sustained progress, the two institutions agreed on the establishment of a Steering Committee that will oversee and guide ongoing cooperation between the central bank and the mining sector.

“This engagement reflects our mutual commitment to a mining sector that delivers long-term value to the Ghanaian economy,” said Dr. Kenneth Ashigbey, CEO of the Ghana Chamber of Mines. “A deeper partnership between the industry and the central bank is critical to achieving resilience, sustainability, and national development.”

Echoing this sentiment, Dr. Johnson Asiamah emphasized the central role of the mining sector in Ghana’s economic transformation. “Strengthening our collaboration with the Chamber ensures that our monetary and gold reserve strategies are grounded in the realities of the industry,” he noted.

Both institutions reaffirmed their dedication to building a mining sector that is not only globally competitive, but also inclusive, innovative, and capable of driving sustainable national growth.

The meeting marks a significant step in aligning financial policy with industrial development and underscores the importance of strategic public-private partnerships in shaping the future of Ghana’s extractive sector.