President John Mahama has detailed the ambitious vision underpinning his establishment of the GoldBod, describing it as a cornerstone of his administration’s strategy to reform Ghana’s gold mining sector and maximise national benefit from the country’s vast mineral wealth.
Speaking at the Mining in Motion Conference held in Accra, Mr Mahama hailed the early achievements of the GoldBod, stating that the initiative has already made a significant impact.
“The GoldBod, a key plank in my administration’s strategy to reform the gold mining sector and ensure maximum benefits for Ghanaians from our gold resources, has taken off,” he said.
“In its short existence, it has sanitised the gold sector, ensuring maximum returns from our gold exports.”
According to Mr Mahama, between January and April 2025, Ghana earned $2.7 billion in gold export revenues through the Precious Minerals Marketing Company (PMMC) and the GoldBod.
He added that this figure is expected to rise exponentially as the year progresses and reforms continue to be implemented.
A Modern, Responsible Mining Sector
However, Mr Mahama emphasised that the GoldBod is not solely focused on increasing export earnings.
He announced plans for the introduction of a “track and trade” system, which will ensure that Ghana’s gold exports are sourced from environmentally sustainable and ethically sound operations.
“The GoldBod will work with artisanal and small-scale miners to promote responsible and sustainable mining practices,” Mr Mahama noted.
In collaboration with the Ministry of Lands and Natural Resources, GoldBod, according to the president is also preparing to launch an ambitious reclamation project aimed at restoring 10,000 hectares of mined-out lands, with the support of the private sector.
Eye on International Standards
As part of efforts to position Ghana’s gold more competitively on the international market, Mr Mahama revealed that the GoldBod is working towards securing London Bullion Market Association (LBMA) certification, a globally recognised benchmark that guarantees gold is responsibly sourced and of the highest quality.
National Vision
Mr Mahama concluded by reaffirming his commitment to a gold mining sector that not only generates wealth but also aligns with Ghana’s broader goals of environmental stewardship, social responsibility, and inclusive growth.
The GoldBod, he suggested, symbolises a new era of transparency, accountability and innovation in the management of Ghana’s natural resources — one that prioritises both national interest and future generations.
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