Ghana introduces a blockchain-based gold tracking system to restructure its golden sector and combat illegal exports, says Sammy Gyamfi, acting director of the Precious Minerals Marketing Company (PMMC). The initiative, linked to the Gold Board Bill under parliamentary assessment, is intended to register all licensed miners in a national database, to assign unique digital codes to production batches and to include transactions on a blockchain. The proposed golden board would supervise gold purchases from small -scale miners, regulate prices and tackle smuggling. This step could help Ghana to lose an estimated $ 2 billion annually to illegal trade while stimulating income, stabilizing the Cedi and fair prices for miners. An anti-smuggling task force is also planned to enforce compliance. Pilot projects have shown encouraging results, and if approved, this system would mark one of Ghana’s first large -scale applications of blockchain in its mineral sector.
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