The Damang Gold Mine has once again delivered 100 percent of its gold production to the Ghana GoldBod, marking what officials described as a significant step toward strengthening Ghana’s economic value retention strategy in the mining sector.
Speaking during the presentation ceremony, on Monday, May 18, 2026, Technical Director of GoldBod, Michael Arko, commended the management of Damang Gold Mine and its parent company, Engineers and Planners, led by businessman Ibrahim Mahama, for demonstrating confidence in the government’s national gold policy.
According to him, the latest consignment amounted to 121 kilograms of gold, equivalent to about 3,400 ounces, exceeding the previous delivery of 103 kilograms made during the first transaction with GoldBod.
“Today marks a very significant and refreshing moment for us at Ghana GoldBod,” Mr. Arko said. “This is the second time Damang Gold Mine is delivering 100 percent of its gold production to the Ghana GoldBod, and we highly commend the management for supporting the national policy.”
He explained that the Government’s policy encourages large-scale mining companies to supply between 20 and 30 percent of their gold production to the state in order to help Ghana retain more value from its mineral resources and strengthen the economy.
Mr. Arko further urged other mining companies operating in the country to emulate the example set by Damang Gold Mine.
“If all the other mining companies follow this good example, it will do well for our economy,” he stated.
Also addressing the media, lawyer for Damang Gold Mine, Bobby Banson, said the company’s decision to supply its entire gold production to GoldBod was proof of its commitment to Ghana’s economic development.
He dismissed suggestions that the mine’s earlier delivery was a temporary gesture, stressing that the latest transaction demonstrated a sustained commitment to supporting the Ghanaian 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,” Mr. Banson stated.
He added that if more large-scale mining companies prioritized Ghana’s national interest above personal profits, the country’s economy would become more sustainable and beneficial to all citizens.
Mr. Banson also reiterated the company’s pledge to continue offering GoldBod the right of first refusal for future gold production, provided the institution has the financial capacity to purchase it.
“As long as GoldBod has the financial capacity to take it, we will continue to give them the right of first refusal because we want to contribute in our own small way to bringing stability to our economic fortunes,” he said.
By Evelyn Tengmaa
