Accra:The Ghana Gold Board (GoldBod) has partnered with the University of Mines and Technology (UMaT) in stakeholder consultations for a proposed initiative aimed at formalising artisanal and small-scale mining (ASM) operations, along with improving access to financing.
According to Ghana Web, the initiative, known as the ASM Formalisation and Financing Support Programme, is slated for implementation in 2027. It seeks to encourage responsible mining practices while offering structured financial backing to operators within the sector.
The discussions between GoldBod and UMaT were spearheaded by Richard Nunekpeku, Esq., Deputy Chief Executive Officer of GoldBod, and Professor Bernard Kumi-Boateng, Vice-Chancellor of UMaT. Nunekpeku emphasized the programme as part of a larger governmental effort to regularize small-scale mining, enhance financing access, and promote responsible mining behaviors. He highlighted the importance of gathering input from key stakeholders before presenting the proposal to Cabinet and Parliament.
Professor Kumi-Boateng committed UMaT’s technical expertise to aid in the development and implementation of the programme. Additional consultations are planned with entities such as the Minerals Commission, the Ministry of Lands and Natural Resources, the Minerals Income Investment Fund (MIIF), the Environmental Protection Authority (EPA), and the Water Resources Commission. These consultations aim to collect technical and institutional insights to refine the proposed programme in preparation for its 2027 launch.