The Damang Gold Mine has reinforced its commitment to Ghana’s domestic gold purchasing programme, delivering another 100% of its production to the Ghana GoldBod, which officials describe as a major boost to efforts to strengthen national reserves.
Speaking at the GoldBod Assay Laboratory in Accra on Monday, May 18, 2026, the Technical Director of Ghana GoldBod, Michael Arko, commended the mining company for consistently supporting the state-backed initiative, terming the latest delivery as a strong signal of industry cooperation.
“Today marks a very significant and refreshing moment for us at Ghana GoldBod. This is the second time Damang Gold Mine is delivering 100% of its gold production to the Ghana GoldBod, and we highly commend the management for supporting the national policy,” he said.
He stressed that the consistent supply from the mine demonstrates growing confidence in the domestic gold purchasing framework and urged other mining companies to adopt similar practices to support economic stability.
“If all the other mining companies follow this good example, it will do well for our economy. 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,” he added.
He reaffirmed GoldBod’s commitment to continue to prioritise such arrangements where capacity allows, to deepen its role in mobilising gold for national benefit.
The Damang Gold Mine, owned by Ibrahim Mahama, first sold its entire gold output to the GoldBod on April 30, in what was widely described as a landmark transaction aimed at supporting Ghana’s foreign reserve accumulation strategy.
The latest consignment, according to the company, amounts to 121 kilogrammes of gold, equivalent to about 3,400 ounces.
The figure, the company said, exceeds the 103 kilogrammes supplied during the company’s first transaction with GoldBod.
