Draft Goldbod Bill: There are potential regulatory conflicts or overlaps with Minerals Commission’s mandate – Manteaw

Dr. Steve Manteaw has identified potential regulatory overlaps in the draft GoldBod bill with the Minerals Commission’s mandate, particularly concerning local content in mining.

He suggests amending Act 703 of 2006 to resolve these conflicts. However, he commended PMMC’s Acting Managing Director, Sammy Gyamfi, for his transparent and inclusive approach to the bill’s development.

Sammy Gyamfi has emphasized that the establishment of the Ghana Gold Board (GoldBod) aims to regulate small-scale mining, boost foreign exchange inflows, and stabilize the cedi. The initiative, supported by the Finance Ministry, seeks to enhance transparency and professionalism in Ghana’s mineral sector.

With gold prices projected to rise significantly, Finance Minister Dr. Cassiel Ato Forson believes the GoldBod will help anchor the cedi by leveraging Ghana’s gold resources for economic stability.