The Ghana National Association of Small Scale Miners (GNASSM) is looking on politicians to safeguard the executive role made within the artisanal and small-scale mining (ASM) gold plan.

In a commentary launched in Accra on Thursday, January 1, 2026, and signed by way of its General Secretary, Godwin Nickleson Armah, the affiliation emphasized that in spite of the losses incurred by way of the Bank of Ghana in Artisanal Small Scale Mining (ASM) gold buying and selling in 2024 and 2025, the good points made up to now are huge and impactful at the Ghanaian financial environment.

“GNASSM needs to put on report that beneath the former management, when the Gold‑for‑Oil and Gold‑for‑Reserves programmes had been rolled out, knowledge from the Precious Minerals Marketing Company (PMMC) indicated that during 2024, 63.6 metric heaps of ASM gold had been exported, and in that very same 12 months the Bank of Ghana recorded losses. Under the present management, throughout the Domestic Gold Purchase Programme, 101 metric heaps of ASM gold have been exported as of twenty third December 2025, and the Bank of Ghana has additionally recorded losses. These figures display obviously that ASM gold buying and selling can’t be assessed only on a slim accounting foundation of direction and loss in one 12 months. Its broader macroeconomic, social, and governance advantages should be taken under consideration”, the commentary partly learn.

The affiliation counseled the status quo of the Ghana Gold Board (Goldbod) and its efforts to sanitise downstream gold buying and selling, exclude foreigners from direct buying and selling, and supply truthful approach costs for miners.

GNASSM warned in opposition to politicising the plan, urging politicians “to strengthen the Goldbod and make allowance miners to perform inside the present framework”.

“We know that parliamentarians are absolutely conscious about the article and mandate of the Goldbod and also are conscious about the non-partisan digital marketing you all utilized in passing the Ghana Gold Board Act. We subsequently don’t be expecting a debate at this level, however slightly strengthen for development the Gold buying and selling and similar plan. We additionally be expecting a united entrance that specializes in strengthen to the Goldbod and different establishments to handle our foreign currencies and reserves wishes to offer us the distance to increase Ghana, the commentary additional famous.

The ASM plan contributes considerably to Ghana’s financial environment, with 101 metric heaps of gold exported in 2025, in spite of Bank of Ghana losses.

GNASSM emphasized that the plan’s earnings will beef up the nationwide financial environment and support social prerequisites for Ghanaians, cautioning that unfavourable criticisms harm the approach.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by way of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by way of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.