The Government of Ghana has secured an initial US$250,000 development grant from the World Gold Council (WGC) to support responsible practices in the artisanal and small-scale gold mining (ASGM) sector.
The funding represents the first tranche of a broader US$1 million package aimed at formalizing the industry and improving environmental and social standards among small-scale operators.
Starting in July, the government will begin purchasing 30% of the gold output from large-scale miners, a move designed to increase state revenue and control over the commodity.
The grant underscores growing institutional interest in Ghana’s gold supply chain, which accounts for a significant share of the country’s export earnings.
By targeting the ASGM segment, the initiative seeks to address longstanding challenges related to mercury use, land degradation, and informal labor conditions that have historically plagued the sector.
This development arrives as Ghana implements a major policy shift in its large-scale mining operations.
Starting in July, the government will begin purchasing 30% of the gold output from large-scale miners, a move designed to increase state revenue and control over the commodity.