By Ishmeal 
The Ghana Gold Board (GoldBod) is expected to award a contract for a gold traceability system next week, according to its Chief Executive Officer, Sammy Gyamfi.
The system will help GoldBod track gold from its mine of origin to the point of sale and export. It is part of efforts to improve transparency and accountability in Ghana’s gold trade.
System to Track Gold From Its Source
The proposed system will help GoldBod verify where gold comes from before it enters the formal market.
It is also expected to help prevent gold linked to illegal mining from entering the official supply chain.
By tracking gold from mining sites through purchasing and trading, the system could make it easier to monitor gold movements and check its origin.
GoldBod Pushes for Greater Transparency
Gold traceability is an important part of GoldBod’s work to regulate Ghana’s small-scale gold trading sector.
Sammy Gyamfi has previously indicated that the Board was using a competitive procurement process to select a technology provider for the project.
The system is expected to improve the verification of gold sources and support responsible sourcing practices.
If properly implemented, it could also help authorities identify gaps in the supply chain and strengthen oversight of gold traded through authorised channels.
What Happens Next?
The planned contract award will mark a key step towards introducing the traceability system.
After the award, attention will turn to the selected company, the implementation schedule and how the system will operate.
Its success will depend on reliable data, effective monitoring and cooperation among mining operators, gold buyers and other stakeholders.
The goal is to make Ghana’s gold supply chain more transparent and improve confidence in the country’s gold trade.
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