Ghana’s gold reserves rise to US$13.8bn under Mahama – Sammy Gyamfi
By Ashiadey Dotse The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says Ghana’s gold reserves have risen from US$8.9 billion to US$13.8 billion under the administration of President John Dramani Mahama. Speaking on X Spaces on Sunday, August 9, 2026, Mr Gyamfi said the government has focused on strengthening the domestic […]
Ghana's gold reserves have grown from US$8.9 billion to US$13.8 billion under President John Dramani Mahama's administration, according to the CEO of the Ghana Gold Board, Sammy Gyamfi. Speaking on X Spaces, Mr. Gyamfi attributed the increase to measures aimed at strengthening the gold sector and ensuring more value is derived from the country's mineral resources.
The GoldBod CEO revealed that the institution now has a broader role, encompassing the buying, selling, and related foreign exchange transactions of gold with the central bank. Additionally, GoldBod is working to enhance traceability by profiling all licensed gold buyers across Ghana, which will help track gold flows and improve accountability in the sector.
The reforms, including increased local refining, aim to ensure that Ghana captures a larger portion of the economic benefits generated along the gold production, refining, and trading value chain.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
