President John Mahama has praised the Chief Executive Officer (CEO) of the Ghana Gold Board (GoldBod), Sammy Gyamfi, for what he describes as an impressive start to the new institution’s operations.
The Ghana Gold Board, formerly known as the Precious Minerals Marketing Company (PMMC), was officially launched on April 2, 2025, with a mandate to oversee and regulate gold trading activities in the country.
Barely weeks into its establishment, the GoldBod has reportedly made significant strides, achieving results that President Mahama has hailed as remarkable.
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“Mr. Sammy Gyamfi is the Chief Executive of the Ghana GoldBod that is doing wonders already,” the President said while introducing the NDC National Communications Officer during a speech in the Ahafo Region as part of his national “Thank You” tour.
There has been a wave of public support and commendation for Mr Gyamfi, with many attributing the recent appreciation of the cedi in part to GoldBod’s performance under his leadership.
The local currency, which reached a high of nearly GH¢16 to the US dollar last year, has now appreciated to around GH¢10 to the dollar.
This development has been met with widespread optimism among citizens and market observers.
Meanwhile, the Governor of the Bank of Ghana, Dr Johnson Asiama, has reiterated the central bank’s commitment to sustaining the cedi’s rebound.
He emphasised ongoing efforts to strengthen the local currency and maintain its competitiveness against major global currencies
In a related development, the Importers and Exporters Association of Ghana has urged the GoldBod to remain steadfast in its efforts to ensure the continued appreciation of the Ghanaian cedi against the US dollar and other major international currencies.
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This call was made during a courtesy visit to the Chief Executive Officer of GoldBod, Mr. Sammy Gyamfi, to formally congratulate him on his recent appointment. Speaking on behalf of the association, Executive Secretary Mr. Samson Asaki Awingobit commended Mr. Gyamfi, describing his appointment as a testament to his expertise, leadership qualities, and track record in the sector.
He expressed optimism that under Mr. Gyamfi’s leadership, GoldBod will witness significant progress and play an even more impactful role in stabilizing the country’s currency through gold-related initiatives.
In response, Mr. Gyamfi expressed appreciation for the association’s visit and support. He reaffirmed GoldBod’s commitment to implementing robust strategies aimed at supporting the local currency. According to him, the continued operations and interventions by GoldBod, particularly will contribute significantly to sustaining the cedi’s appreciation and strengthening Ghana’s macroeconomic stability
Source: Ghana GoldBod
