The Ghana Gold Board (GoldBod) has strengthened its gold reserve accumulation drive following the successful purchase of 121 kilograms of gold from Damang Gold Mines Limited at the GoldBod Assay Centre located at the Accra International Airport.
The latest transaction marks another significant milestone in Ghana’s efforts to maximize value retention from its mineral resources and enhance foreign exchange reserves through increased local participation in the mining sector.
The gold, representing 100 percent of Damang Gold Mines’ latest output batch, was officially received on behalf of GoldBod by the Board’s Director for Technical, Mr. Michael Arko. He praised the management of Damang Gold Mines and the company’s Chairman, Ibrahim Mahama, for their continued confidence and collaboration with the Board.
According to Mr. Arko, the growing partnership between GoldBod and local mining firms demonstrates the effectiveness of Ghana’s strategy to retain greater economic value from its natural resources while boosting national development.
Officials of Damang Gold Mines reaffirmed their commitment to supplying all future gold output to GoldBod. They noted that the arrangement highlights the immense benefits the country can derive when indigenous participation in the mining industry is prioritized and strengthened.
The transaction is expected to further support government efforts aimed at stabilizing the economy, increasing gold reserves, and positioning Ghana to derive maximum benefit from its gold resources.
