Former President John Dramani Mahama has announced the establishment of GoldBod, a new initiative aimed at transforming Ghana’s gold export industry and ensuring greater value retention from mineral resources.
In a statement accompanied by a video announcement, President Mahama revealed that the GoldBod Act, which received presidential assent on March 28, 2024, officially paves the way for the creation of the GoldBod entity. The new institution will streamline Ghana’s gold sector and regulate gold trading and export activities.
“This sets up GoldBod to streamline Ghana’s gold sector, including our exports, to ensure that the country earns more value for money from our gold mining operations,” the former President stated.
Under the provisions of the Act, GoldBod will have regulatory authority over gold trading and exports, ensuring compliance among licensed dealers and agents. The initiative is expected to enhance transparency, curb illegal trade, and increase government revenue from the gold industry.
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