The Ghana Gold Board (GoldBod) has recorded another major milestone in Ghana’s gold sector as Damang Gold Mines Limited sold 100% of its latest gold output to the Board at the GoldBod Assay Centre at Accra International Airport.
The transaction involved 121 kilograms of gold and further strengthens GoldBod’s drive to retain more value from Ghana’s mineral resources for the benefit of the national economy.
Receiving the gold on behalf of GoldBod, Director for Technical Mr Michael Arko, commended the management of Damang Gold Mines and Chairman Dr Ibrahim Mahama for their continued confidence in the Board.
Officials of Damang Gold Mines also reaffirmed their commitment to continue supplying all their gold output to GoldBod, describing the partnership as a demonstration of the benefits Ghana stands to gain when local participation in the mining sector is strengthened.
The latest transaction, valued at 121 kilograms of gold (approximately 3,400 ounces), was processed at the GoldBod Assay Laboratory in Accra on Monday, 18 May 2026.
This latest delivery marks an upgrade from the company’s inaugural transaction with the national regulator, which stood at 103 kilograms, solidifying Damang’s position as the leading corporate supporter of the state’s local gold-purchase framework.
“Today marks a very significant and refreshing moment for us at Ghana GoldBod,” Mr Arko stated during an inspection of the bullion bars. “This is the second time Damang Gold Mine is delivering 100 per cent of its gold production to the Ghana Gold Board, and we highly commend the management for supporting the national policy.”
Mr Arko explained that under current state guidelines, large-scale mining firms are gently pushed to supply between 20 and 30 per cent of their gold production to the state to help Ghana retain more value from its mineral resources and strengthen the local currency.
The regulatory chief used the high-profile transaction to challenge major foreign-dominated mining firms operating in the Wassa and traditional mining belts to realign their export strategies with the national interest.
“If all the other mining companies follow this good example, it will do well for our economy,” Mr Arko urged, stressing that local participation in the gold trade is non-negotiable for post-recovery stability.
Speaking to journalists at the laboratory, Mr Bobby Banson, the legal representative for Damang Gold Mine, forcefully rejected those narratives. He noted that the consistency of the mining firm proves its loyalty to national development.
“For those who thought what we did last time was a nine-day wonder, this is further evidence of the commitment of the mine, wholly owned by a Ghanaian, to support the Ghanaian economy,” Mr Banson declared.
The 121kg consignment has since cleared the requisite purity and weight verifications at the state assay facility, moving straight into the national reserves to anchor the state’s economic transformation agenda.
By: Rainbowradioonline.com/Ghana
