{"id":559569,"date":"2026-04-30T23:23:14","date_gmt":"2026-04-30T23:23:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/559569\/"},"modified":"2026-04-30T23:23:14","modified_gmt":"2026-04-30T23:23:14","slug":"damang-mine-sells-100-of-first-gold-output-to-goldbod-bog-in-historic-move","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/559569\/","title":{"rendered":"Damang Mine sells 100% of first gold output to GoldBod, BoG in historic move"},"content":{"rendered":"<p>The Chief Executive Officer of GoldBod, Sammy Gyamfi, has announced that the Damang Gold Mine, owned by businessman Ibrahim Mahama, has sold 100 per cent of its first gold output to GoldBod and the Bank of Ghana to support the country\u2019s national reserves.<\/p>\n<p>\u201cThis is a major milestone for Ghana,\u201d Mr Gyamfi stated.<\/p>\n<p>\u201cThe Damang Gold Mine has sold 100 per cent of its first gold output to GoldBod and the Bank of Ghana to support our national reserves.\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/de516b9f-fafe-42e9-9c8b-cd16284f559a-1-1024x683.jpeg\" alt=\"\" class=\"wp-image-10033042068\"\/><\/p>\n<p>According to him, the development represents a significant step toward strengthening Ghana\u2019s gold reserves and enhancing foreign exchange stability.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/bbfb4056-b99d-4531-a4e4-69ebf6121e83-1024x683.jpeg\" alt=\"\" class=\"wp-image-10033042059\"\/><\/p>\n<p>\u201cWhat we are witnessing is a strong alignment between private sector participation and national economic priorities,\u201d he said, adding that the move reinforces government\u2019s strategy of leveraging gold resources to shore up the economy.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/e088973d-559b-4fc8-b9bc-56f6f73face2-1024x683.jpeg\" alt=\"\" class=\"wp-image-10033042064\"\/><\/p>\n<p>Mr Gyamfi emphasised the historic nature of the transaction, noting that it is unprecedented.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/9a0bfe03-f5d4-4a89-8639-7988c4e1c1f3-1024x683.jpeg\" alt=\"\" class=\"wp-image-10033042060\"\/><\/p>\n<p>\u201cThis has never happened in the history of Ghana, where a private gold mining company commits all of its initial production to state-backed institutions for reserve accumulation,\u201d he stressed.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/313ae517-1871-46bb-9d85-1cae14522a53-1024x682.jpeg\" alt=\"\" class=\"wp-image-10033042079\"\/><\/p>\n<p>He expressed optimism that the collaboration could serve as a model for the mining sector to boost national revenue and economic resilience.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/186df0da-3b7b-4325-9707-a4207ed48a81-1024x682.jpeg\" alt=\"\" class=\"wp-image-10033042082\"\/><\/p>\n<p>DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<p>DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"The Chief Executive Officer of GoldBod, Sammy Gyamfi, has announced that the Damang Gold Mine, owned by businessman&hellip;\n","protected":false},"author":2,"featured_media":559570,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-559569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/559569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=559569"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/559569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/559570"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=559569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=559569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=559569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}