Accra: Damang Gold Mine Limited has sold its first gold output entirely to the Ghana Gold Board (GoldBod). Mr. Sammy Gyamfi, Chief Executive Officer of GoldBod, received the team from Damang Gold Mine at the GoldBod Assay Laboratory at the Accra International Airport.
According to Ghana News Agency, Mr. Gyamfi emphasized the importance of having Ghanaians lead the minerals and mining sector to maximize national benefits and drive economic transformation. He highlighted this as essential for achieving the objectives of the Ghana Accelerated National Reserve Accumulation Program (GANRAP), which was launched by the government and approved by Parliament.
Mr. Gyamfi also expressed concerns about the low contribution of large-scale mining companies to the government's foreign reserve accumulation efforts. He urged other companies to follow the example set by Damang Gold Mine. The first output delivered to GoldBod amounted to approximately 110 kilogrammes of gold.
This transaction is viewed as a significant step in strengthening Ghana's reserve accumulation strategy and promoting local ownership in the mining sector.