Prez. Mahama: GoldBod policy to boost local gold testing and refining, retain more value in Ghana
President John Dramani Mahama has highlighted the potential of the Ghana Gold Board’s (GoldBod) new policy to strengthen local gold testing and refining, ensuring that a greater share of the value generated from Ghana’s gold resources remains within the domestic economy.
President John Mahama praised the Ghana Gold Board (GoldBod) for its role in boosting gold exports, boosting foreign exchange earnings, and promoting responsible small-scale mining at the Mining in Motion Conference. He noted that gold exports from artisanal and small-scale mining had risen from 64 tonnes in 2024 to 104 tonnes between April and December 2025, following the establishment of GoldBod.
The President also highlighted a $10.8 billion increase in foreign exchange earnings for the country in 2025 due to the regulation of small-scale gold exports. Mahama commended GoldBod for its efforts in reclaiming lands damaged by illegal mining and improving monitoring of mining equipment, noting that the board had awarded a contract to the Ghana Armed Forces to reclaim 253 acres of land in the Tano-Nimiri Forest.
He also praised the government's efforts to strengthen gold trading regulation, increase economic benefits of the mining sector, and address environmental damage from illegal mining. The President announced the allocation of GH¢200 million for reclamation of degraded land and plans for a major reafforestation initiative to restore degraded landscapes and increase tree cover.
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- GoldBod must be commended for successes chalked up – Mahama myjoyonline.com
