GoldBod Commits Major Financial Resources to Restore 1,000 Hectares of Damaged Forest Reserves
The Ghana Gold Board (GoldBod) has announced a major financial commitment to restore 1,000 hectares of devastated forest reserves, as part of the government’s broader ecological restoration policy.
The announcement was made by Mr. Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board, during his keynote address at the maiden edition of the Mining and Minerals Convention held at the Kempinski Gold Coast Hotel on Tuesday.
“In line with the instructions of H.E. President John Dramani Mahama, and in furtherance of our ecological restoration policy, the GoldBod has made significant financial allocation to support the reclamation of 1000 hectares of devastated forest reserves, starting from November this year,” Gyamfi announced to the gathering of mining industry stakeholders.
The forest restoration initiative forms part of GoldBod’s comprehensive approach to responsible mining and environmental sustainability. Speaking about the organization’s commitment to environmental stewardship, Gyamfi emphasized that “we at GoldBod recognise the importance of responsible mining and sourcing to the long-term sustainability and viability of Ghana’s mining sector.”
The restoration project, set to commence in November 2025, represents a significant step in addressing the environmental impact of mining activities in Ghana. The initiative aligns with international best practices and demonstrates GoldBod’s commitment to the Organisation for Economic Cooperation and Development (OECD) guidelines.
“Beyond foreign exchange and contribution to revenue, the GOLDBOD is committed to traceability, environmental sustainability and responsible sourcing in line with the Organisation for Economic Cooperation and Development (OECD) guidelines and international best practices,” Gyamfi stated during his address.
The forest restoration announcement comes alongside other environmental initiatives by GoldBod, including a donation of five Toyota Hilux pickups and GHS 5 million to support the National Anti-Illegal Mining Operations Secretariat (NAIMOS) next week.
“I wish to also underscore the commitment of the GoldBod to government’s avowed flight against the illegal mining menace,” Gyamfi noted, highlighting the organization’s multi-faceted approach to environmental protection.
The CEO also outlined GoldBod’s broader corporate social responsibility framework, which will be rolled out in October 2025. “Under our corporate social responsibility policy which we intend to roll-out effective October 2025, we shall support mining communities with potable water systems, modern education and health facilities, scholarships for brilliant but needy students, among others,” he announced.
The forest restoration initiative underscores GoldBod’s vision of transforming Ghana’s mining sector from mere extraction to sustainable value creation. As Gyamfi emphasized, the organization is “determined to sustainably increase Ghana’s gold output and develop the country’s gold supply chain responsibly, from the country’s heartland to global vaults, empowering communities while delivering sustainable and transformational returns.”
The 1,000-hectare forest restoration project represents one of the largest private sector-led environmental restoration initiatives in Ghana’s mining sector, signaling a new era of responsible mining practices in the country.
The Ghana Gold Board was established under President John Dramani Mahama’s administration to streamline the gold trade sector and optimize returns from Ghana’s precious minerals for socioeconomic transformation.
