Trade and the environment: How the new Ghana GOLDBOD could affect the environment

Galamsey: The Impact of Illegal Mining in Ghana

Galamsey refers to illegal or unsustainable mining activities. These practices harm the environment significantly. In Ghana, gold deposits are often found in forest areas. These areas are crucial for agriculture, water bodies, and ecosystems.

Sustainable trade is challenging in developing countries like Ghana. High youth unemployment and poverty rates complicate the situation. Recent increases in living costs add to these difficulties. Gold mining appears lucrative for many involved in its value chain.

Ending galamsey is difficult due to its immediate economic benefits. This comes despite serious environmental and health risks. Some studies suggest Ghana may import water by 2030, which is alarming.

Galamsey is a politically sensitive issue in Ghana. It requires careful consideration and informed discussions. Many Ghanaians agree that protecting the environment is essential. There have been protests urging decision-makers to take action.

The Minerals and Mining Act of 2006 includes provisions for environmental protection. However, these measures seem inadequate today. The establishment of GOLDBOD aims to regulate gold trade better.

Unfortunately, GOLDBOD's effectiveness in safeguarding the environment remains questionable. The act does not strongly enforce environmental sustainability standards for gold trading.

Tightening control over gold trade could ensure companies follow stricter environmental rules. We should focus on tracing sustainably mined gold effectively.

Our goal should be clear: prioritize traceability within this law and board operations. We must strive for optimal economic, social, and environmental outcomes for all Ghanaians.

Many countries developed without considering environmental impacts initially. They often prioritized wealth over consequences later on. However, this approach isn't working well for Ghana.

A significant number of Ghanaians rely on agribusiness for jobs and food security. Our natural environment offers untapped opportunities for social and economic growth.

The World Trade Organization (WTO) advocates using trade to protect the environment. Environmental degradation is increasing globally, leading to costly consequences like weather changes and health issues.

As a WTO member, Ghana should commit to sustainable gold trading practices. Continuing current methods could lead to severe environmental costs.

Preventing degradation is easier than reversing it once it occurs. We have a chance to improve mining's environmental sustainability in Ghana now.

This presents an opportunity for GOLDBOD to make meaningful changes moving forward. More proactive measures from GOLDBOD are necessary for real progress.

Sheela is a Lawyer and Development Professional.
Contact: +233262640001