Speaking at a recent engagement, Mahama explained that GoldBod was established to address longstanding disparities in gold export data and to ensure proper monitoring of the gold trade. He emphasized that the initiative has already yielded significant results, with Ghana’s foreign exchange earnings from gold rising sharply since the Board’s creation.
“GoldBod was designed to correct the gaps in our gold export records and bring transparency to the sector,” Mahama said. “The results show that when we take ownership of our resources, the benefits to the nation are immense.”
He urged other African countries to adopt similar measures, stressing the need to tighten control over mineral exports and to prioritize adding value to raw materials before they leave the continent.
GoldBod, under the leadership of Chief Executive Officer Sammy Gyamfi, Esq., now serves as the sole authority for purchasing and exporting gold in Ghana. The Board’s mandate, Mahama noted, is central to ensuring that the country maximizes the benefits of its mineral wealth.
The former president’s remarks come at a time when resource governance remains a pressing issue across Africa, with calls for stronger institutions to safeguard national interests in the global commodities market.
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