Mahama praises GoldBod’s GH¢896m profit, urges stronger core operations

President John Dramani Mahama has commended the Ghana Gold Board (GoldBod) for its remarkable financial progress, but has urged the organization to bolster its core operations to ensure these achievements endure. GoldBod's net profit skyrocketed to approximately GH¢896 million, a stark contrast to the GH¢178.5 million net profit recorded in the previous year.

This significant increase in profit was highlighted at the 2026 Governing Boards and CEOs' Conference organized by the State Interests and Governance Authority (SIGA).

President Mahama specifically recognized GoldBod as one of the state-owned enterprises featured in SIGA's entity spotlight, lauding its financial performance as something worth acknowledging. He attributed this impressive growth to the institution's efforts in establishing transparent and accountable systems for managing Ghana's gold trade, which ultimately serve the national interest.

"This performance reflects the strategic importance of building transparent, accountable and nationally beneficial structures around Ghana's gold trade," President Mahama emphasized.

While acknowledging GoldBod's commendable achievements, the President cautioned the management against becoming overly dependent on favorable market conditions or shifts in the exchange rate. He stressed that these results, though deserving of praise, must be sustained through stronger core operations and cannot indefinitely rely solely on improved business environment and exchange rate movements.

"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 warned.

He further urged GoldBod to capitalize on the progress made by enhancing its operational foundations to guarantee the long-term sustainability of its financial performance.