GoldBod drives manufacturing SOE revenue to GH¢1.21bn

GoldBod significantly boosted state-owned enterprise (SOE) manufacturing revenue, reaching GH¢1.21 billion in 2025. The subsector experienced the highest growth among SOE sectors, with overall revenue rising from GH¢562.21 million in 2024 to GH¢1.21 billion. GoldBod, established after restructuring the Precious Minerals Marketing Company (PMMC), generated GH¢1 billion in revenue, contributing 83.34 percent of the subsector's total.

Its performance transformed the manufacturing sector's revenue landscape, making it the dominant entity. The Ghana Cylinder Manufacturing Company (GCMC) also saw growth, with revenue increasing from GH¢8.60 million in 2024 to GH¢24.53 million in 2025 after its shareholding was acquired by the Ghana Gas Company. GIHOC Distilleries Company Limited reported a modest increase in revenue from GH¢91.40 million to GH¢96.76 million over the same period.

Government support played a crucial role, with GH¢4.55 billion transferred to GoldBod through a revolving fund since its inception. This substantial financial backing, recognized as a government grant, greatly boosted GoldBod's reported net surplus. However, for performance analysis, this amount was excluded from evaluating the company's operational efficiency.

The report emphasized GoldBod's growing influence on the financial profile of Ghana's state-owned manufacturing enterprises and its vital role in advancing the country's mineral value-addition initiatives.