Goldbod initiative has earned Ghana $2.7bn in four months – Mahama

President John Dramani Mahama has revealed that the introduction of the Goldbod initiative has significantly improved Ghana’s gold sector, generating $2.7 billion in revenue between January and April through exports managed by the Precious Minerals Marketing Company (PMMC) and Goldbod.

He indicated that the figure is expected to rise steadily over the course of the year.

Speaking at the Global Mining Summit on Monday, June 2, the President underscored the importance of the initiative in his administration’s efforts to reform the gold mining industry.

“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,” President Mahama stated.

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.