Goldbod Generated $2.7bn in Four Months - Mahama

Accra, Ghan - 03 June, 2025 - Ghana's President, John Dramani Mahama, has hailed the success of the Gold for Bonds (Goldbod) initiative, a key component of his administration's strategy to reform the gold mining sector. Speaking at the Global Mining Summit on June 2, President Mahama revealed that the initiative has generated a staggering $2.7 billion in revenue from gold exports between January and April, managed by the Precious Minerals Marketing Company (PMMC) and Goldbod.

“Ghana’s gold export earns the country 2.7 billion. Ghana’s gold export through the PMMC and Goldbod earns the country 2.7 billion dollars between January and April, and this figure is expected to increase exponentially throughout the year,'' he disclosed.

The Gold for Bonds initiative aims to promote transparency and accountability in the gold trade, curb illegal mining, and maximize revenue from the country's mineral resources. By leveraging gold exports to secure bonds and other financial instruments, the initiative seeks to ensure that Ghana maximizes its returns from its gold resources.

According to President Mahama, the Goldbod initiative has "sanitised" the gold sector, ensuring maximum returns from gold exports. 

He expects the revenue figure to rise exponentially throughout the year, underscoring the initiative's potential to transform the industry.

The President emphasized that the reforms have not only boosted earnings but also enhanced institutional oversight across the gold mining value chain.

“The Goldbod, a key plank in my administration strategy to reform the gold mining sector and ensure maximum benefit for Ghanaians for our gold resources, has taken off. In its short existence, it has sanitised the gold sector, ensuring maximum returns from our gold export,” he stated.

Source: Lead News Online