President John Dramani Mahama has stated the Goldbod initiative has earned the country $2.7 billion between January and April.
According to John Mahama, the $2.7 billion in revenue is expected to rise steadily over the year.
He asserted the importance of the Goldbod in his administration’s efforts to reform the gold mining industry.
Speaking at the Global Mining Summit on Monday, June 2, John Mahama stated, “The Goldbod, a key plank in my administration strategy to reform the gold mining sector and ensure maximum benefit for Ghanaians for our gold resources, has taken off. In its short existence, it has sanitised the gold sector, ensuring maximum returns from our gold export”.
“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.”
John Mahama further added,“Let me be clear at this juncture, artisanal miners are not enemies of the state. If properly trained and supported, they can be allies in our development,” the President said, adding “Working together with the small-scale mining sector, we will reclaim our forest reserves and restore the purity of our water bodies.”
“We will track excavators to know whether they are being used for illegal mining. Ghana currently has more excavators than the rest of Africa combined. The new permitting regime will not allow you to import any excavator unless you have a valid permit to do so,” Mahama stated.
Meanwhile, the Asantehene at the event also called for sustained action to halt the illegal activities.
“The pollution of our water bodies, the destruction of our forests and the degradation of our virgin lands cannot be allowed to continue unchecked. It cannot be denied that the cocktail of regulatory failures, political miscalculation and corruption has combined to make the curbing of the menace more challenging.
We have the opportunity to calmly dissect the policy options and tools available to deal with the problem,” he said.
He added, “The emergence of the new Goldbod is a creative initiative we need for the rise of the industry, increasing the prospect for more investment and higher yields. It injects a new urgency to the challenges we are trying to address”.
Watch the video below:
President Mahama outlines the bold vision behind his establishment of the @GhanaGOLDBOD, says it has sanitized the gold trading sector and will ensure traceability and train ASM miners in sustainable mining. pic.twitter.com/aOUGc3uNIp
— Sammy Gyamfi (@SammyGyamfi_) June 2, 2025
