Ghana Has Gained $2.7Bn In Four Months From Goldbod Initiative - President Mahama

President John Dramani Mahama has announced that Ghana has generated a remarkable $2.7 billion in gold export revenue between January and April 2025 through the government’s Goldbod initiative and the Precious Minerals Marketing Company (PMMC).

Delivering a keynote address at the Global Mining Summit on Monday, June 2, President Mahama highlighted the role of Goldbod in overhauling Ghana’s gold mining sector and maximizing benefits for the country.

“The Goldbod, a key plank in my administration’s strategy to reform the gold mining sector and ensure maximum benefit for Ghanaians from our gold resources, has taken off. In its short existence, it has sanitised the gold sector, ensuring maximum returns from our gold export,” he stated.

According to the President, the $2.7 billion in earnings reflects a strong start for 2025, with the figure expected to increase exponentially as the year progresses.

About the Goldbod Initiative

The Goldbod initiative is a strategic reform launched by the Mahama administration to:

• Curb illegal mining practices.

• Enhance transparency and accountability in Ghana’s gold trade.

• Increase national revenue from gold exports.

• Improve oversight across the gold mining value chain.

President Mahama reiterated the initiative’s impact, noting that it has improved organisational efficiency and helped position Ghana’s gold sector as a global benchmark for regulated mineral trade.

“These reforms have not only boosted our earnings but also restored institutional credibility across the value chain,” he added.

The government believes the Goldbod strategy will play a crucial role in ensuring that Ghanaians receive maximum value from the country’s mineral wealth.

Thehubweb.com will continue to provide verified updates on the impact and performance of the Goldbod initiative and other major economic reforms shaping Ghana’s future.