Ghana Gold Board acquires 121kg gold output from Damang Mines

The Ghana Gold Board (GoldBod) has deepened its gold reserve accumulation efforts with the purchase of 121 kilograms of gold from Damang Gold Mines Limited.

The transaction, which took place at the GoldBod Assay Centre at the Accra International Airport, marks the second batch of gold output sold by the mining company to the Board as part of efforts to strengthen Ghana’s control over its mineral resources and increase value retention within the local economy.

According to GoldBod, Damang Gold Mines sold 100 per cent of its latest gold output to the Board, reinforcing the institution’s mandate to enhance Ghana’s gold reserve accumulation and foreign exchange stability.

Receiving the consignment on behalf of GoldBod, the Director for Technical, Mr. Michael Arko, commended the management of Damang Gold Mines and the company’s Chairman, Dr. Ibrahim Mahama, for their continued confidence in the Board.

He noted that the partnership reflects growing collaboration between GoldBod and key players in the mining sector aimed at maximising national benefits from gold production.

Officials of Damang Gold Mines reaffirmed their commitment to continue supplying all their gold output to GoldBod. They described the arrangement as a clear example of the gains Ghana can achieve through stronger local participation in the mining industry.

The latest acquisition forms part of GoldBod’s broader strategy to increase domestic gold purchases, strengthen Ghana’s reserves, and support economic stability through enhanced management of the country’s mineral wealth.