Ghana teaches Tanzania how to transform gold mining into a profitable economic source

ACCRA: THE Tanzania Mining Commission has conducted an official working visit to the Ghana Gold Board (GoldBod) in Accra, intending to gain practical insights into how the unique institution has successfully transformed the gold trade in Ghana and strengthened the sector’s contribution to the national economy.

The peer-learning visit revealed that GoldBod has established robust systems for supervising small-scale miners and integrating them into the formal gold trading framework.

This approach has significantly reduced fraud and gold smuggling, increased government revenue and foreign exchange earnings, and strengthened the gold reserves of the Bank of Ghana.

Speaking during the visit, GoldBod Deputy Chief Executive Officer, Professor Richard Nunekpeku, said that for a long time, small-scale miners operated outside the formal system, leading to substantial revenue losses for the government.

He explained that the establishment of GoldBod has enabled all gold produced to be collected and traded through legal channels, thereby contributing to national revenue, boosting the Bank of Ghana’s gold reserves, and maintaining stability in the country’s currency value.

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During the visit, the Tanzania Mining Commission delegation also toured the Gold Jewelry unit under the Ghana Gold Board, which is responsible for the manufacturing, certification, hallmarking, and export of jewelry products.

The unit is regarded as a key step in adding value to gold in Ghana and strengthening collaboration among all stakeholders in the mining value chain.

The historic visit highlighted the importance of regional cooperation within Africa in managing mineral resources. Through the experience of GoldBod—the sole authority mandated to buy, sell, assay, certify, value, and export gold and other precious minerals—Tanzania gained valuable lessons that will help strengthen its mineral trade management systems. Ghana’s example demonstrates that strong and institutionalized governance of the mining sector can generate significant benefits for citizens and national development as a whole.

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14 Comments

    1. Yes, it will be good if we turn to learn from and teach each other. We are one, but others have divided us to rule us, and have consented fully on that. It’s time now to wake up. But what I doubt is the real purpose. As it seems, the purpose is not learning from brothers for the welfare the people, but how the government can squeeze more and more small miners and traders and prevent them from evading the myriad of taxes the government imposes on small business

  1. The Ghana Gold Rush: Are We Mining Prosperity or Digging Our Own Grave?

    Across Ghana, the search for gold has become a national obsession. In riverbeds, forests, and farmlands, the earth is being turned inside out. This glittering metal promises wealth, stability, and a solution to economic woes. Yet, as we unearth this treasure, a more troubling question surfaces: are we building a future, or destroying the very foundation our future depends on?

    We are told gold is our lifeline. It earns the dollars needed to steady our currency and keep our economy afloat. But what is the true cost of this lifeline? The most visible mining tears apart our land. It targets the alluvial gold—the flakes and nuggets near the surface in our soil and rivers. To get it, vast tracts of forest are cleared. Excavators dig deep pits, turning fertile earth into barren, lunar landscapes. Our rivers, the veins of life for countless communities, are poisoned with toxic chemicals used to process the ore. The water we drink, cook with, and farm with becomes a carrier of sickness, not sustenance.

    This is not sophisticated mining. It is extraction at its most brutal and shortsighted. It trades our irreplaceable natural inheritance—land that grows our food, water that gives us life—for quick cash. The fertility of a cocoa farm is wiped out in weeks for gold that will be exported in days. A river that has flowed for centuries is contaminated for a generation. We are sacrificing our long-term survival for short-term relief.

    A critical question then arises: If the goal is truly to mine gold for national benefit, why are we solely focused on this destructive surface scramble? The big mining companies don’t operate this way. They go underground. They invest in deep shafts and targeted tunnels to reach lode deposits, the primary sources of gold locked in rock deep below. This method is not without impact, but it is contained. It does not annihilate hundreds of acres of farmland. It does not poison entire watersheds. It represents a choice to extract resources with discipline and planning, rather than with chaos and oblivion.

    The persistence of destructive surface mining speaks to a failure of vision and governance. It persists because it is the easiest path, offering fast money with minimal investment. It persists because of a lack of serious enforcement against those who break our environmental laws. It persists because, in a situation of economic pressure, the immediate dollar today often shouts louder than the need for clean water tomorrow.

    This path is a dead end. You cannot eat gold, nor can you drink it. A stable currency means little in a nation with barren fields and poisoned rivers. True prosperity is not measured in dollars alone, but in the health of our people, the security of our food, and the sustainability of our resources.

    There is another way. It requires the courage to say that how we mine matters as much as how much we mine. It means enforcing our laws to stop the wanton destruction and embracing smarter, regulated methods—including responsible underground mining—that minimize permanent harm. Most importantly, it means using the wealth from our resources not just for today’s balance sheet, but to build a diversified tomorrow. We must invest in agriculture, industry, and education, creating an economy that stands on more than just a hole in the ground.

    The gold will run out. What will we have left? We must choose: Will we be the generation that plundered our birthright for a fleeting boom, or the guardians who managed our wealth wisely, ensuring that Ghana’s true riches—its land, its water, and its people—endure for generations to come? The answer lies in the soil beneath our feet and the choices we make today.

    1. Well spoken brother. I am witnessing the same uncontrollable and non environmental care and adherence even here in Tanzania

  2. Tanzanians ourselves we must know how to prepare to use our minerals, this will be really realization of the value of the minerals .

    1. I think this is the way to blind tanzanians people b’se we had mining for a long time now why Ghana teach us while we have a lot of educated people about minings and after teaching us the mining will make profit for the country or for some people?

  3. A well articulated opinion loaded with facts, commonsense and patriotism. This opinion clearly unmasks a policy that serves just a mere narrow political agenda by trading off a future.

  4. Wow!!It seems you wish to create the world.How do you think the precious metal would have been obtained to pay taxes and build institutions and schools that have enlightened you that you can now criticize what has supported you.Think wisely again.

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