The Damang Gold Mine has sold another consignment representing 100 percent of its gold production to the Ghana Gold Board (GOLDBOD).

According to the company, the latest consignment amounts to 121 kilogrammes of gold, which is equivalent to approximately 3,400 ounces. This volume exceeds the 103 kilogrammes supplied during the company's inaugural transaction with GOLDBOD.

Speaking at the GoldBod Assay Laboratory in Accra on Monday, May 18, 2026, the Technical Director of GOLDBOD, Michael Arko, commended the management of Damang Gold Mine and its parent company, Engineers and Planners, for demonstrating confidence in the government’s national gold policy.

“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.”

Mr Arko explained that the continued commitment by Damang Gold Mine reflects growing industry support for initiatives designed to maximise national benefits from Ghana’s mineral resources. Under the current government policy, large-scale mining companies are encouraged to supply between 20 and 30 percent of their gold production to the state to help Ghana retain more value from its mineral resources and strengthen the domestic economy.

He further urged other mining companies operating across 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,” Mr Arko stated.

Addressing the media, Bobby Banson, a legal representative for Damang Gold Mine, said that the company’s decision to sell its entire gold output to GoldBod demonstrates a firm commitment to supporting Ghana’s economic development.

Mr Banson rejected claims that the mine’s initial gold delivery was merely symbolic, stressing that this second transaction confirms the company’s long-term adherence to the policy.

“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 said.

He also reiterated the company’s pledge to continue offering GOLDBOD the right of first refusal for all future gold production, provided the institution maintains the financial capacity to purchase 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,” Mr Banson said.