GoldBod, a key player in Ghana’s evolving mineral sector, is set to take over the former Bank of Ghana building as part of a sweeping initiative by the John Mahama Administration to formalize and restructure the country’s gold trade.
The move signals a renewed commitment by the government to bring greater transparency, regulation, and economic benefit to Ghana’s lucrative but often loosely regulated gold industry. The takeover of the iconic building in central Accra symbolizes the administration’s intent to position GoldBod at the heart of national efforts to streamline operations across the gold value chain—from extraction to export.
Sources close to the Ministry of Lands and Natural Resources confirm that the repurposing of the Bank of Ghana building aligns with broader policy goals under the Mahama administration’s mineral reform agenda. This agenda prioritizes domestic value addition, anti-smuggling enforcement, and increased state participation in the gold trade.
GoldBod is expected to serve as a central hub for gold aggregation, quality assurance, pricing transparency, and the coordination of exports. Officials believe this will curb illicit trade and maximize state revenue.
Speaking to Awake News, a senior government official noted, “The establishment of GoldBod in the former Bank of Ghana premises is not just a relocation; it’s a redefinition of Ghana’s approach to its most valuable natural resource. We are creating a gold economy that works for Ghanaians.”
More details are expected in an official announcement from the Office of the President and the Ministry of Lands and Natural Resources in the coming days.
Stay with Awake News for updates on this developing story.
