Mahama outlines the bold vision behind establishment of the GoldBod

President John Mahama has shared his vision for the GoldBod. He sees it as a key part of his plan to reform Ghana’s gold mining sector. The goal is to maximize national benefits from the country’s mineral wealth.

At the Mining in Motion Conference in Accra, Mr. Mahama praised GoldBod's early achievements. He noted that the initiative has already made a significant impact.

“The GoldBod is crucial for reforming our gold mining sector,” he said. “It ensures maximum returns from our gold exports.”

From January to April 2025, Ghana earned $2.7 billion in gold export revenues. This was through the Precious Minerals Marketing Company (PMMC) and GoldBod. Mr. Mahama expects this figure to rise as reforms continue.

A Modern, Responsible Mining Sector

Mr. Mahama stressed that GoldBod aims beyond just increasing export earnings. He announced plans for a “track and trade” system for gold exports. This system will ensure that exports come from sustainable and ethical operations.

“The GoldBod will collaborate with artisanal and small-scale miners,” he added, promoting responsible mining practices.

In partnership with the Ministry of Lands and Natural Resources, GoldBod plans an ambitious reclamation project. They aim to restore 10,000 hectares of mined-out lands with private sector support.

Eye on International Standards

To enhance Ghana’s competitiveness in the global market, Mr. Mahama revealed plans for LBMA certification. This certification guarantees that gold is responsibly sourced and of high quality.

National Vision

Mr. Mahama reaffirmed his commitment to a gold mining sector that generates wealth responsibly. He emphasized alignment with Ghana’s goals of environmental stewardship and social responsibility.

The GoldBod represents a new era of transparency and accountability in managing Ghana’s resources. It prioritizes both national interests and future generations.