Chief Executive Officer of Ghana GoldBoard (GoldBod) Sammy Gyamfi has called on African countries to establish a coordinated continental framework to strengthen mineral sovereignty and governanNEWSe to ensure that more value from the continent’s mineral resources is retained locally.
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Chief Executive Officer of Ghana GoldBoard (GoldBod) Sammy Gyamfi has called on African countries to establish a coordinated continental framework to strengthen mineral sovereignty and governance to ensure that more value from the continent’s mineral resources is retained locally.
He said although Ghana and several other African countries were taking steps to use gold and other minerals to support economic stability and transformation, more needed to be done to translate mineral production into broader prosperity for Africans.
Speaking at the African Minerals Policy Forum – Mining in Motion 2026on October 19, Sammy Gyamfi cited Burkina Faso, Kenya, Zambia, Zimbabwe, Namibia, Tanzania and Mozambique among countries pursuing approaches to managing their mineral resources.
"But I believe we can all agree that a lot remains to be done in our collective quest as Africans to move from production to prosperity.
“Let this forum mark a turning point; a turning point from minerals extracted to value retained and from minerals exported to Africans empowered,” he said.
The GoldBod CEO said Ghana’s experience demonstrated what purposeful national action can achieve which is formalized gold trade, optimal indigenous participation and greater value retention.
However, he noted that the mineral sector operates across national borders, with markets, illicit flows, financing, technology and value chains extending beyond individual countries.
According to him, these cross-border dynamics make it difficult for any single country to achieve full mineral sovereignty independently.
“No country can secure full mineral sovereignty in isolation,” he said.
He therefore urged African countries to translate lessons from their individual national policies into a coordinated continental compact on mineral sovereignty and governance.
"We must therefore translate these national lessons into a coordinated continental compact on mineral sovereignty and governance," he noted.
Raphael GharteyRaphael Ghartey is writer and reporter with the MG News team at Media General, serving TV3, 3News, Onua FM, Onua TV and more platforms.
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