President John Dramani Mahama has disclosed that Ghana earned $2.7 billion in gold exports between January and April 2025. This follows the rollout of the Goldbod initiative, which he described as a cornerstone of reforms to clean up and strengthen the gold mining sector.
Speaking at the Global Mining Summit and the Mining in Motion Conference in Accra, Mahama said the initiative aims to ensure that Ghanaians benefit more from the country’s mineral wealth.
“Goldbod is a key pillar of my gold sector reform agenda. It has already improved transparency and boosted returns from our gold exports,” he stated.
The earnings were made through operations by the Precious Minerals Marketing Company (PMMC) in collaboration with Goldbod. According to Mahama, this figure is likely to rise as reforms gain traction.
Between January and April alone, Ghana earned $2.7 billion through the PMMC and Goldbod. We expect this to increase significantly by year-end,” he added.
Improving Oversight and Curbing Galamsey
Goldbod is part of a broader national effort to curb illegal mining, improve regulation, and create a more sustainable and accountable gold value chain.
One of the key upcoming features of the initiative is a track-and-trace system. This technology will monitor the source of gold and ensure it is mined responsibly and legally.
Mahama also highlighted plans for the Ghana Gold Board to secure London Bullion Market Association (LBMA) certification. This move would raise Ghana’s credibility and competitiveness in the global gold trade.
Traditional Support and Sector Accountability
Asantehene Otumfuo Osei Tutu II also addressed the summit. He commended Goldbod CEO Sammy Gyamfi for leading the initiative effectively.
“Our problem has never been the lack of resources. We cannot maximise their value,” Otumfuo said.
“Illegal mining distracts us from the real issue, protecting our interests in the global market.”
