GoldBod Initiative Has Yielded $2.7 Billion in Export Revenue from January to April 2025 – President Mahama

President John Dramani Mahama has announced that Ghana’s gold sector generated an impressive $2.7 billion in export revenue between January and April 2025, driven by streamlined operations under the Precious Minerals Marketing Company (PMMC) and the newly established Goldbod national trading platform.

Speaking at the Global Mining Summit in Accra on Monday, President Mahama highlighted Goldbod as a cornerstone of his administration’s efforts to reform the gold mining industry, enhance transparency, and secure greater national revenue from the country’s mineral resources.

A Transformative Initiative for Ghana’s Gold Sector

“Goldbod represents a pivotal component of our strategy to restructure the gold mining sector, ensuring that Ghanaians derive optimal benefits from our natural resources,” President Mahama stated. “Since its inception, the platform has significantly improved accountability in the sector, guaranteeing higher returns on gold exports.”

He further revealed that the combined efforts of PMMC and Goldbod have already contributed $2.7 billion to the national economy in just the first four months of 2025, with projections indicating a substantial increase by year-end.

Strengthening Oversight and Curbing Illegal Mining

The Goldbod initiative is part of a broader governmental strategy to combat illegal mining, regulate gold trade operations, and strengthen institutional oversight across the mining value chain. President Mahama emphasized that the early success of these reforms demonstrates their effectiveness in fostering a more transparent and accountable gold trading system.

“The results speak for themselves,” he said. “These reforms are not only increasing revenue but also ensuring that Ghana’s gold sector operates with integrity and efficiency.”

Looking Ahead

With the gold sector playing a crucial role in Ghana’s economy, the government remains committed to further enhancing regulatory frameworks and promoting sustainable mining practices. The success of Goldbod and PMMC’s collaborative efforts signals a promising future for Ghana’s mineral exports, reinforcing the nation’s position as a leading player in the global gold market.

As the year progresses, stakeholders anticipate even greater financial gains and continued progress in the sector’s modernization and governance.

Source: GhanaFeed.Com