President John Dramani Mahama has commended the Gold Board (GoldBod) for its instrumental role in transforming Ghana’s gold trading landscape, citing its impact on revenue growth and sustainability reforms in the mining sector.
Speaking at the Global Mining Summit on Monday, June 2, 2025, President Mahama described GoldBod as a key component of his administration’s broader agenda to reform the gold mining industry.
He noted that the institution is already proving effective in cleaning up the gold export system and boosting returns for the country.
“In its short existence, it has sanitized the gold sector, ensuring maximum returns from our gold exports,” the President said.
He disclosed that between January and April 2025, Ghana earned $2.7 billion in gold export revenue through the Precious Minerals Marketing Company (PMMC) and GoldBod, adding that the figure is expected to grow significantly by the end of the year.
“Ghana’s gold exports end the country $2.7 billion. Ghana’s gold exports, through the PMMC and the Gold Board, end the country $2.7 billion between January and April.”
Mahama emphasized that the Board’s role goes beyond exports.
He revealed upcoming plans for a track-and-trace system aimed at ensuring that all gold exported from Ghana is responsibly sourced.
The system, he said, is part of a broader push for environmental accountability and sustainable mining practices.
In support of this, the Gold Board will also provide training to artisanal and small-scale miners to help them adopt environmentally friendly and legally compliant practices.
According to the President, the initiative is designed to strengthen the formal mining economy while curbing illegal and harmful activities.
“And this figure is expected to increase exponentially throughout the year. But the Gold Board is not only about exporting gold. It will soon rule out a track and trace system to ensure that Ghana’s gold exports are procured from environmentally sustainable sources.”
“The Gold Board will work to train artisanal and small-scale miners in responsible and sustainable mining practices. The Minister of Land and Natural Resources, in collaboration with the Gold Board, is also soon to launch, in cooperation with the private sector, an ambitious project to reclaim 10,000 hectares of mined outlands. The Gold Board will also be working towards attaining LBMA certification for Ghana’s gold.”
Source: Ghana/Starrfm.com.gh/Hamdia Mohammed
