GoldBod Rakes in $8 Billion For Ghana
Ghana Gold Board (GoldBod) has continue to make significant gains in government economic mobilization drive.
The board has over the period of 10 months raked in about $8 billion for the country.
This was contained in its report from January to October, 2025.
Meanwhile, Finance Minister Dr. Cassiel Ato Forson has disclosed that Ghana earned over $1.1 billion in foreign exchange during the first full month of operations under the Goldbod gold purchase programme.
The inflow, generated from the purchase and export of more than 11 tonnes of gold, marks a major milestone in the country’s efforts to stabilise the cedi and enhance local participation in the gold trade.
Dr. Forson made the announcement during the inauguration of the new Board of Directors of the Minerals Income Investment Fund (MIIF) in Accra. He urged the new board to build on the gains made through Goldbod and help deliver long-term value from Ghana’s mineral resources.
“This is a clear demonstration of the value that can be realised when our mineral wealth is properly structured and managed.
MIIF must align with this new vision,” the Minister said.
He challenged the new board to return the Fund to its core mandate of responsible and transparent mineral investment.
Between 2019 and 2024, he noted, MIIF suffered from severe mismanagement, prompting the government to withdraw financial support.
“We saw significant abuse of public resources. That era must not be repeated. If the board restores discipline and puts resources to proper use, government will reconsider its stance,” Dr. Forson stated.
He emphasised MIIF’s role in increasing Ghana’s equity in mining operations and promoting local content across the value chain.
He also revealed plans to collaborate with MIIF and Goldbod to further expand the gold purchase initiative and bolster Ghana’s gold reserves.
The Ghana Gold Board (GoldBod) was officially established in April 2025, following the passage of the Ghana Gold Board Bill into law by Parliament on March 28, 2025, and presidential assent on April 2, 2025. The Act (ACT 1140) established GoldBod as a corporate entity to oversee the buying, selling, and exporting of gold and other precious minerals in Ghana, effectively replacing the Precious Minerals Marketing Company (PMMC).