Ghana secures deal to reform small-scale mining with World Gold Council support

Ghana is embarking on a significant reform of its artisanal and small-scale mining (ASM) sector through a new strategic partnership with the World Gold Council (WGC). This collaboration is set to unlock a $1 million grant dedicated to advancing responsible mining practices.

The primary objective of this partnership is to facilitate the formalization of small-scale mining operations across the country. By bringing these operations into the formal economy, Ghana aims to curb illicit gold trading and enhance the integrity of its gold supply chain. The WGC's involvement signals a commitment to international standards and responsible resource management.

Through this framework, Ghana and the WGC will focus on several key areas. These include supporting policy development to create a more conducive regulatory environment, building capacity among miners and stakeholders, implementing robust traceability systems, introducing technological solutions, and providing essential training for mining communities. The initiative represents a concerted effort to ensure that Ghana's valuable gold resources are extracted and traded ethically and sustainably.