Natural resource governance expert, Dr Steve Manteaw, has disclosed that the GoldBod has concluded consultations with key stakeholders on a mutually acceptable gold pricing discount and is expected to adopt a formal pricing policy within the year as part of efforts to reduce value losses in Ghana’s gold sector. According to Dr Manteaw, the stakeholder …
Ghana:GoldBod to adopt new gold pricing policy this year
Natural resource governance expert, Dr Steve Manteaw, has disclosed that the GoldBod has concluded consultations with key stakeholders on a mutually acceptable gold pricing discount and is expected to adopt a formal pricing policy within the year as part of efforts to reduce value losses in Ghana’s gold sector.
According to Dr Manteaw, the stakeholder engagement forms part of broader reforms aimed at ensuring greater value retention from Ghana’s gold resources and improving transparency and efficiency in gold trading.
He explained that inappropriate pricing mechanisms have historically contributed to revenue leakages and losses in the sector, particularly within the small-scale gold mining value chain. The proposed pricing policy, he noted, is intended to address these challenges while balancing the interests of producers, traders and the state.
Dr Manteaw said the pricing consultations demonstrate the GoldBod’s willingness to work collaboratively with industry actors and other stakeholders to develop policies that are both practical and beneficial to the national interest.
He further indicated that the adoption of a clear and predictable pricing framework would help strengthen confidence in the gold market, reduce incentives for smuggling, and support ongoing efforts to formalise gold trade activities in the country.
While welcoming the progress made, Dr Manteaw advised the management of the GoldBod to sustain public trust by proactively communicating details of its pricing and trading policies once finalised. He stressed that timely publication and explanation of such policies would be critical to ensuring transparency and broad stakeholder buy-in.
The proposed pricing policy is expected to form a key component of Ghana’s wider strategy to maximise returns from its mineral resources and curb value losses within the gold sector.
