Damang Gold Mine sells 100% of first gold output to GoldBod

Damang Gold Mine Limited has sold 100 percent of its first gold output to the Ghana Gold Board

Thu, 30 Apr 2026 Source: www.ghanaweb.com

Indigenous mining firm Damang Gold Mine Limited has sold 100 percent of its first gold output to the Ghana Gold Board in a move aimed at supporting Ghana’s foreign reserves accumulation efforts.

According to a post shared by the Ghana Gold Board on April 30, 2026, the Chief Executive Officer of GoldBod, Sammy Gyamfi, received a delegation from Damang Gold Mine at the GoldBod Assay Laboratory at the Accra International Airport, where he briefed the media on the transaction.

He said the development highlights the importance of local participation in the mining sector.

Local firm Engineers & Planners officially assume control of Damang Mine

“Having Ghanaians at the helm of the country’s minerals and mining sector is key to maximizing national benefits and driving economic transformation,” he stated.

He also expressed concern about the low contribution of large-scale mining companies to Ghana’s foreign reserve accumulation efforts, urging others to emulate Damang Gold Mine.

He noted that this is important for the successful implementation of the Ghana Accelerated National Reserve Accumulation Program (GANRAP), launched by government and approved by Parliament.

According to the Ghana Gold Board, the first output from Damang Gold Mine amounted to about 110 kilograms of gold.

The gold will be assayed, valued, and purchased by GoldBod on behalf of the Bank of Ghana, refined, and added to the central bank’s gold holdings.

Meanwhile, the transaction has been described as a significant step in efforts to strengthen Ghana’s foreign reserves and increase state participation in the gold value chain.