Ghana Aims for African Jewellery Market Leadership with New State Board

Ghana is embarking on a strategic shift to maximize the value of its gold resources. Officials have announced plans to move beyond raw mineral exports by developing a complete domestic value chain. GhanaBod's new focus includes refining gold locally, designing it into high-quality jewellery, and building a powerful international brand. They aim to capture significantly higher profits from the nation's natural resources by controlling the process from mine to market and establishing a premium product line.

To lead this ambitious initiative, the Deputy Minister for Finance, Hon. Thomas Nyarko Ampem, has inaugurated the new governing board for Ghana Goldbod Jewellery Limited. The five-member board will be chaired by Sammy Gyamfi, ESQ., who has stated the mission is to "maximize returns on Ghana’s gold by adding value and building a strong downstream sector." GhanaBod, a mission-state-owned company, is now tasked with transforming Ghana's role in the global gold industry, aiming to position the nation as a leading force in Africa's lucrative jewellery market. This move is expected to generate greater revenue, create skilled jobs, and strengthen the national economy.