Mahama commends GoldBod’s GH¢896m profit, urges sustained growth

President John Dramani Mahama has praised the Ghana Gold Board (GoldBod) for its impressive financial growth, while urging the institution to enhance its core operations to maintain this progress. At the 2026 Governing Boards & CEOs’ Conference, the President acknowledged GoldBod as one of the state-owned enterprises that deserve recognition in the report's entity spotlight.

"GoldBod, which is deservedly highlighted in the report’s entity spotlight, recorded approximately a net profit of ¢896 million compared with ¢178.5 million in 2024," the President stated. He attributed the positive outcome to the establishment of transparent, accountable, and nationally beneficial structures around Ghana's gold trade.

President Mahama emphasized that the commendable results showcase the strategic importance of building such structures. However, he cautioned that the gains should be sustained through stronger core operations, and should not rely solely on favorable business conditions and currency exchange rate fluctuations. "These results deserve commendation but they must however be sustained through stronger core operations and cannot depend indefinitely on just a better business environment and the exchange rate movements," the President stressed.