Industry players have embraced Mahama’s Goldbod initiative – Ag. PMMC MD

The Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has stated that industry players have warmly embraced former President John Mahama’s Goldbod initiative.

Speaking in an interview on Asempa FM on Monday, March 3, he noted that the concept, aimed at leveraging Ghana’s gold reserves for economic growth, has received widespread support from key stakeholders in the mining and financial sectors.

According to him, the initiative is seen as a strategic move to maximise the country’s mineral wealth.

Mr Gyamfi explained that the Goldbod idea aligns with the needs of industry players, who have long called for policies that enhance value addition and investment in Ghana’s gold sector.

“The industry has been waiting for a bold initiative like this. Many stakeholders believe Goldbod will create new opportunities for growth and strengthen Ghana’s position as a leader in gold production,” he stated.

He added that the proposal would provide a sustainable framework for managing gold resources while ensuring broader economic benefits.

He further highlighted the potential impact of the initiative on job creation and foreign investment. “Goldbod is not just about managing our gold reserves; it is about creating an entire ecosystem that benefits miners, investors, and the Ghanaian economy as a whole,” he said.

Mr Gyamfi reiterated that many industry players have shown interest in supporting and participating in the initiative, which he believes will transform the sector.

As discussions around the Goldbod initiative continue, stakeholders are eager to see how it will be implemented and the policies that will drive its success.

Mr Gyamfi remains confident that the widespread acceptance of the idea is a testament to its potential.

“We are looking at a game-changer for the industry, and the enthusiasm we have seen so far is a clear indication that Ghana is ready for this,” he concluded.

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