Mahama: Goldbod Earns Ghana $2.7 Billion Between January and April
President Mahama says the new initiative is cleaning up the gold sector and boosting state revenue
- Goldbod initiative generated $2.7 billion in gold export revenue from January to April
- Exports were managed through the Precious Minerals Marketing Company (PMMC) and Goldbod
- President Mahama says the initiative is reforming the gold sector
President John Dramani Mahama has announced that Ghana’s recently launched Goldbod initiative has already generated a remarkable $2.7 billion in gold export revenue within its first four months—from January to April.
The earnings came through exports handled by the Precious Minerals Marketing Company (PMMC) and Goldbod.
Addressing the Global Mining Summit on Monday, June 2, President Mahama emphasized that the initiative plays a pivotal role in his administration’s broader strategy to overhaul and modernize the gold mining sector.
“In just a short time, Goldbod has begun transforming the gold industry, ensuring that the country gains maximum value from its gold resources,” Mahama said. “It has cleaned up the sector and delivered impressive returns from our gold exports, and we expect this figure to grow even further throughout the year.”
The Goldbod initiative is part of a comprehensive reform agenda aimed at reducing illegal mining activities, boosting transparency in gold trading, and ensuring increased state revenue from natural resources.
Mahama also highlighted that the reforms have significantly strengthened institutional oversight and accountability across the entire gold mining value chain.
