The Ghana Gold Board (GoldBod) has purchased another shipment of gold from the Damang Gold Mine, which is reportedly 100% of its total production.
The company claims that the most recent shipment contains 121 kilograms of gold, or roughly 3,400 ounces.
The amount, according to the firm, surpasses the 103 kg provided in the company’s initial deal with GoldBod.
The technical director of GoldBod, Michael Arko, praised the management of Damang Gold Mine and its parent company, Engineers and Planners, for exhibiting faith in the government’s national gold policy during a speech on Monday, May 18, 2026, at the GoldBod Assay Laboratory in Accra.
“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 stated that Damang Gold Mine’s ongoing dedication was a reflection of the industry’s increased support for programs meant to maximise Ghana’s mineral resources’ advantages to the country.
He explained that the government’s policy encourages large-scale mining companies to supply between 20 and 30 per cent 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 by prioritising local participation in Ghana’s gold trade.
“If all the other mining companies follow this good example, it will do well for our economy,” he said .
Bobby Banson, a lawyer for Damang Gold Mine, told the media that the company’s choice to sell all of its gold production to GoldBod shows its dedication to promoting Ghana’s economic growth.
He emphasised that the second transaction demonstrates the company’s sustained adherence to the program, rejecting assertions that the mine’s first gold delivery was merely symbolic.
“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.
Additionally, Mr. Banson reaffirmed the company’s commitment to grant GoldBod the right of first refusal for any future gold production, so long as the organization has the funds to buy 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 stated.
Source: newsthemegh.com