President John Dramani Mahama has reaffirmed that the establishment of GoldBod and the passage of its enabling legislation will enhance the efficiency of Ghana’s mining sector while ensuring the country derives greater value from its gold exports.
In a video highlighting the process leading to the final presidential assent to the GoldBod Act-passed by Parliament on Friday, March 28-President Mahama emphasized the significance of the new entity in regulating the sector.
GoldBod will function as the sole entity responsible for gold trading and export in Ghana, with regulatory powers confined to overseeing compliance among its licensed agents.
The monopoly aims to curb illicit gold trade, increase transparency, and ensure that the nation maximizes revenue from its mineral resources.
