
The newly appointed acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has urged management and staff to join forces and work tirelessly to establish the Ghana Gold Board, a flagship project of President John Dramani Mahama’s administration .
Mr. Gyamfi, who is a lawyer and Economic Policy Analyst, made the call during his introduction to the staff of the company at a staff durbar on Monday, January 20, 2025, where he was welcomed by the outgoing MD, Nana Akwasi Awuah.
Mr. Gyamfi intimated that the establishment of the Ghana Gold Board is a key priority of the Mahama administration, aimed at driving economic revitalization and ensuring the sustainable management and marketing of Ghana’s gold resources.
The Ghana Gold Board will operate under the guidance of the Minister for Finance and will focus on formalizing the small-scale mining sector, providing essential support services to the mining industry, and boosting transparency, economic growth, and the equitable distribution of benefits from Ghana’s gold resources.
Experiennce
He brings a wealth of experience to the role, having worked with Exton Cubic Group Limited, a reputable mining company, and served as the National Communications Officer of the National Democratic Congress.
He holds a Bachelor of Science in Environmental Science and a Bachelor of Law degree from Kwame Nkrumah University of Science and Technology, as well as an MA in Economic Policy Management from the University of Ghana.
The staff of PMMC have pledged their support for the new MD and have expressed their commitment to working together to achieve the President’s vision.
As the PMMC embarks on this new chapter, all eyes are on Mr. Gyamfi and his team to deliver on the promise of establishing the Ghana Gold Board and transforming the management of Ghana’s gold resources. With the President’s vision and the collective effort of the PMMC staff, the future of Ghana’s gold industry looks brighter than ever.
“PMMC’s role as the custodian of Ghana’s precious mineral resources is of paramount importance, and I am committed to ensuring that we fulfill this responsibility in a manner that benefits all Ghanaians. This will require strengthening our partnerships with local communities, mining companies, and regulatory bodies, as well as enhancing the overall governance and transparency of our operations.
“My primary focus will be to ensure that PMMC remains a trusted custodian of the country’s mineral wealth, while also exploring new avenues for growth and diversification. We have a responsibility to the people of Ghana to maximize the benefits of our natural resources and to do so in a manner that is transparent, accountable, and aligned with the national interest,” the new MD opined.
The transition at PMMC comes at a critical juncture, as the country grapples with the complexities of resource governance and the need to ensure that the benefits of mineral wealth are equitably distributed. Mr. Gyamfi’s appointment is a demonstration to the government’s commitment to professionalizing and strengthening the management of state-owned enterprises, a key priority in the pursuit of inclusive and sustainable development.
Commendation
Nana Akwasi Awuah, the outgoing MD, praised the staff for their hard work and dedication, saying, “I am proud of the progress we have made so far, and I am confident that with the new leadership, PMMC will achieve even greater heights.”
Mr. Awuah, the outgoing Managing Director, commended the efforts of the PMMC team, highlighting the significant strides made in recent years in areas such as financial management, operational efficiency, and the protection of the company’s core mandate.
“The success we have achieved is a proof of the hard work and dedication of each and every one of you. I have no doubt that with Sammy at the helm, this company will continue to thrive and reach new heights,” said Mr. Awuah.
One of the key priorities for the new Managing Director will be strengthening the company’s engagement with local communities, a critical aspect of ensuring the equitable distribution of mineral wealth.