E&P Sells Another 100% Gold Output To Goldbod: Damang Mine gold sale to Goldbod

Added: 2026-05-19

[00:00:00]It's about 2 weeks ago, local mining giant, Engineers and Planners, owned by businessman Ibrahim Mahama, sold 100% of its first gold output from Damang mine to the Gold Board and the Bank of Ghana to support the country's gold reserves.

[00:00:13]The firm has followed up with another sale, once again selling 100% of its gold production. Michelle Akonor is the Technical Director at the Gold Board, speaking on behalf of the CEO, Sami Gyemfi. Today marks a very significant and refreshing moment for us at Ghana Gold Board.

[00:00:33]Once again, this is the second time the Damang Gold Mine is delivering its gold mine to the Ghana Gold Board. 100%.

[00:00:48]100% and um we highly commend Dr. Ibrahim Mahama, the CEO of the Jatata Group Holdings, which is a subsidiary of the I mean, uh the Damang Gold Mine is a subsidiary of the Jatata Holdings. He also encouraged other large mining firms to emulate the step taken by Engineers and Planners in supporting the country's economic development. Um we like to take this opportunity to encourage all the large-scale mining companies to also endeavor to follow this good example that we are receiving from the Damang Gold Mines. I want to thank every one of you for giving us your attention. And also, we know that you're going to collaborate for us to be able to optimize our value for gold in this country. Lawyer for the local mining firm, Bobby Banson, says this is a clear indication that the step taken by Engineers and Planners is not just a one-day wonder, but a strong and sustained commitment to supporting the country's gold reserves. For those that thought that what we did last time was a 9-day wonder, this is just further evidence of the commitment of the mine wholly owned by a Ghanaian to support the Ghanaian economy. Like he said, if all other large-scale mine companies would think of the Ghanaian's interest first above personal profit, the economy would in the long term be sustainable and for the benefit of every person, not one or two. And so, if one large-scale mine owned by a Ghanaian is doing this, you can imagine if all the large-scale mines are owned by Ghanaians who have the interest of Ghana at heart, what the economy would be like in the next 3-4 years. So, this is a further testament of the commitment of the man gold mine and the Japa Group Holding to support what is our own. Like he has committed, every time there's production, as long as the Gold Board has the financial capacity to take it, we'll give you the right of first refusal because we want to contribute in our own small way to bringing stability to our economic The local mining giant believes this step would help boost the nation's economic stability and sustain national gold reserves. Reporting for Joy News from the Accra International Airport, Amfotal Bayaga.

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