We Need Multilateral and International Certification for Gold Imports and Exports- Sammy Gyamfi
The Chief Executive Officer of Ghana Gold Board (GoldBod), Sammy Gyamfi, has called for a multilateral and international certification scheme for gold imports and exports.
He recognises that gold smuggling has become a major fuel for money laundering, illicit financing and terrorism.
In his view, smuggled gold is fast becoming the breeding ground for the underground economy and poses a risk to global good governance.
“Gold is a resource for global economic stability and transformation. It cannot be allowed to become a haven for drug lords, armed actors, corrupt politicians, human traffickers and criminal networks with destructive social consequences in our countries. We must nip this canker in the bud, and the time to do so is NOW!” he said while addressing the 2025 Dubai precious metals conference.
He suggested setting up a framework akin to the UN’s Kimberly Process.
“We believe that the time has come for a similar multilateral and international certification scheme for gold imports and exports. This will prevent smuggled gold from entering the global gold supply chain. We are confident that these steps will bolster our collective Anti-Money Laundering and Counter Terrorism Financing efforts.”
Sammy expressed Ghana’s willingness and readiness to partner with the UAE, other governments, the DMCC, World Gold Council, LBMA and industry stakeholders to make this dream a reality.
Story by Hajara Fuseini
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