President John Dramani Mahama has announced that the implementation of the Goldbod initiative has greatly enhanced Ghana’s gold sector, generating $2.7 billion in revenue from January to April through exports handled by the Precious Minerals Marketing Company (PMMC) and Goldbod. He noted that this figure is expected to continue rising steadily throughout the year.
During the Global Mining Summit on Monday, June 2, President Mahama emphasised the significance of the initiative as part of his administration’s efforts to reform the gold mining industry. He stated, “The Goldbod, a key element in my administration’s strategy to reform the gold mining sector and maximise the benefits for Ghanaians from our gold resources, has officially launched. In its short existence, it has worked to clean up the gold sector, ensuring maximum returns from our gold exports.”
He added:
“Ghana’s gold export earns the country 2.7 billion. Ghana’s gold export through the PMMC and Goldbod earns the country 2.7 billion dollars between January and April, and this figure is expected to increase exponentially throughout the year.” The Goldbod initiative forms part of a broader strategy aimed at curbing illegal mining, increasing transparency in gold trade, and ensuring that Ghana maximises revenue from its mineral resources.
President Mahama noted that the reforms have not only boosted earnings but also enhanced institutional oversight across the gold mining value chain.
By: Akosua Otchere
