President Mahama Commends GoldBod on Strong Financial Performance

President John Dramani Mahama has commended the Ghana Gold Board (GoldBod) for recording a net profit of approximately GH¢896.5 million in 2025, describing the performance as an encouraging demonstration of the strategic importance of building transparent, accountable and nationally beneficial structures around Ghana’s gold trade.

The President made the remarks at the Governing Boards and CEOs Conference organised by the State Interests and Governance Authority (SIGA), on Thursday, September 10, 2026, where he highlighted the performance of State-Owned Enterprises (SOEs) contained in the latest SIGA report.

GoldBod, he said, was featured prominently in the report’s entities spotlight, where it increased its net profit from approximately GH¢178.5 million in 2024 to GH¢896.5 million, representing a significant improvement in its financial performance.

President Mahama said the result deserved commendation but cautioned that the achievement must be sustained through stronger core operations rather than relying indefinitely on favourable business conditions or movements in the foreign exchange market.

“A one-year turnaround is encouraging, but sustained performance is the real test,” the President said.

He urged GoldBod and other state institutions to build on individual successes and contribute to broader improvements across the public enterprise sector.

“We must therefore move from isolated successes to system-wide improvement,” President Mahama said, stressing that state institutions were established to serve strategic national interests and deliver tangible value to citizens.

He said commercial state entities must operate efficiently, competitively and sustainably, while public entities must demonstrate measurable social and economic value to the Ghanaian people.

The President’s remarks underscore the growing expectation for GoldBod to consolidate the gains recorded in its first full year of operations and strengthen its core business and institutional systems to ensure that its contribution to Ghana’s gold economy remains sustainable.

GoldBod’s inclusion among the entities highlighted in the SIGA report reflects the institution’s improved financial performance and its strategic role in Ghana’s gold sector, while the President’s caution places emphasis on the need to translate the initial turnaround into sustained long-term institutional performance.