PRESIDENT JOHN John Dramani Mahama’s vision for economic revitalization has taken a major leap forward with the official inauguration of the Governing Board of the Ghana Gold Board (GoldBod).
The new institution is poised to become the flagship agency driving Ghana’s transition from a raw resource exporter to a value-adding mineral powerhouse.
At the inauguration ceremony, Finance Minister Dr. Cassiel Ato Forson described GoldBod as a “specialised agency for effective marketing of our gold resources” and a critical instrument in President Mahama’s broader economic reset agenda. “This marks the climax of months of diligent and painstaking work,” he remarked.
The initiative began on January 27, 2025, with the formation of a Technical Committee tasked with crafting the legal and operational framework for GoldBod. Their work culminated in the successful passage of the GoldBod Bill by Parliament and its subsequent presidential assent.
Dr. Forson applauded the committee’s speed and professionalism, noting that the GoldBod Act was developed and enacted in record time. “We now have a fit-for-purpose and time-tested Act that will help Ghana extract greater economic value from our gold industry,” he added.
The Board’s mandate includes transforming how Ghana engages with its gold sector by formalizing trade, promoting transparency and expanding the entire gold value chain. This move is expected to reduce smuggling, increase foreign exchange inflows, and create new employment opportunities in refining, marketing, and value addition.
Source: Nationaltymes.com
