The Concerned Small-Scale Miners Association (CSSMA) has praised the Chief Executive of the Ghana Gold Board (GoldBod), Sammy Gyamfi, for what it described as strong and effective leadership in advancing President John Dramani Mahama’s vision for Ghana’s gold sector.

The commendation comes amid criticisms of GoldBod by the Minority in Parliament, particularly following reports of a US$214 million loss under the Gold-for-Reserves programme.

In a statement issued on Wednesday, December 31, and shared with Citi News, the Association said the establishment of GoldBod was intended to bring structure, fairness and national value to the artisanal and small-scale mining sector. It noted that under Mr Gyamfi’s leadership, these objectives are gradually being realised.

According to the CSSMA, Mr Gyamfi has demonstrated a strong commitment to the national interest, disciplined management and a clear appreciation of the role small-scale miners play in Ghana’s economy. The Association said his leadership approach has helped rebuild trust between miners and the state through continuous engagement and open dialogue, ensuring that policies reflect the realities faced by miners on the ground.

The Association also lauded Mr Gyamfi’s efforts to promote fair and transparent pricing in the purchase of gold from small-scale miners. It said the pricing framework has improved miners’ incomes, reduced exploitation by middlemen and encouraged the sale of gold through approved channels, thereby strengthening compliance and stability in the sector.

The CSSMA further noted that GoldBod’s operations have contributed to increased foreign exchange inflows by formalising gold purchases and reducing revenue leakages. According to the Association, these inflows have helped ease inflationary pressures, supported the cedi’s appreciation, improved the balance of payments and boosted investor confidence, contributing to broader macroeconomic stability.

The Association also applauded Mr Gyamfi’s commitment to tackling gold smuggling, particularly his efforts to introduce a comprehensive traceability system that tracks gold from source to sale. It said such a system would help curb illicit trade, safeguard state revenue and restore integrity to the gold sector.

In addition, the CSSMA said improved traceability would deliver environmental benefits by reducing illegal mining activities, protecting water bodies, enhancing land reclamation and promoting responsible mining practices that safeguard communities and natural resources.

The Concerned Small-Scale Miners Association pledged its full support for Sammy Gyamfi and reaffirmed its readiness to work closely with GoldBod and other stakeholders to realise President Mahama’s vision of a well-regulated, transparent and nationally beneficial gold industry.