Ghana to Deploy Blockchain for Gold Tracking
Ghana is set to revolutionize its gold export industry by implementing a blockchain-based track and trace system. This initiative, spearheaded by the Ghana Gold Board (GoldBod), aims to ensure the complete traceability of every gram of gold exported, linking it directly to its original mine. The ambitious project is slated for deployment by the end of 2026.
Blockchain for Transparency and Security
According to Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board, the implementation of this blockchain system is a crucial step in combating gold smuggling and bolstering regulatory oversight within the sector. Speaking at the 2025 Dubai Precious Metals Conference, Gyamfi emphasized that this move is part of a wider strategy to strengthen Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) measures within Ghana’s thriving gold industry. The system will ensure that all gold purchases can be traced back to a licensed and sustainable mine of origin. He also noted the growing importance of the Artisanal and Small-Scale Mining (ASM) sector as a key driver of Ghana’s economy.
By leveraging blockchain technology, Ghana hopes to foster greater transparency and accountability in its gold supply chain, creating a more secure and regulated environment for both local and international stakeholders. The move positions Ghana as a leader in utilizing innovative technologies to manage its natural resources effectively.
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