Accra: The Damang Gold Mine has once again delivered 100 percent of its gold production to the Ghana Gold Board (GoldBod), reinforcing efforts to strengthen Ghana's economic value retention strategy in the mining sector. The latest delivery marks the second time the mine has supplied its entire output to the state agency.
According to Ghana Web, speaking during a presentation ceremony on Monday, May 18, 2026, the Technical Director of GoldBod, Michael Arko, commended the management of Damang Gold Mine and its parent company, Engineers and Planners, led by business mogul Ibrahim Mahama, for their confidence in the government's national gold policy. He disclosed that the latest consignment amounted to 121 kilograms of gold, equivalent to about 3,400 ounces, surpassing the previous delivery of 103 kilograms made during the first transaction with GoldBod.
Arko emphasized the significance of the moment for Ghana GoldBod, highlighting the support of Damang Gold Mine for the national policy. He explained that government policy encourages large-scale mining companies to supply between 20 and 30 percent of their gold production to the state to help Ghana retain more value from its mineral resources and strengthen the economy. He urged other mining companies to emulate the Damang Gold Mine's example.
In a statement to the media, Bobby Banson, the lawyer for Damang Gold Mine, reiterated the company's commitment to Ghana's economic development by supplying its entire gold production to GoldBod. He dismissed claims that the mine's earlier delivery was a one-off gesture, stressing that the latest transaction demonstrates a sustained commitment to supporting the Ghanaian economy.
Banson also reaffirmed 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. He emphasized the importance of prioritizing national interest over profit to achieve a more sustainable and beneficial economy for Ghanaian citizens.