Ghana's President John Dramani Mahama has implemented the GoldBod Initiative, which restricts the export of raw gold and other minerals to promote local value addition and economic development. This policy aims to end Ghana's continuous exports of raw minerals by 2030, as the country previously lacked domestic gold refining capacity. The initiative has led to the takeover of foreign-owned mining operations, such as the Diamond Gold Fields mine, which shifted from South African mining giant Gold Fields to local ownership under Engineers and Planners Limited. The policy reflects a broader African movement toward economic self-determination and control over natural resources.
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🚨JUST IN: Ghanaians WARN Mahama to Imp0se Restrictions on Gold Fields Mines Over GoldBod InitiativeHinzugefügt:
[music] >> Michelle TV John Dramani Mahama Akachi mining with a South African mining company and indeed at the Goldfields Goldfields has been in Ghana for a very long time most of our mining sites recently crowd diamond mines and Santa Echo could be a engineers and planners for and some I miss all the chaos at Cosumnes I was South Africa CC and all attacks upon attacks on Africans finally Ghana any idea evacuation exercise at Cosumnes President John Dramani Mahama Akasa say a year good anything with kind of say with regards to mining to say no restrictions restrictions at Cosumnes Goldfields for SO it's I say a year the mining one of the mining sites are a what kind of Goldfields for mining they are looking at an extension of leases 2027 now we'll more time Goldfields a year this initiative a transcend activity be a core a course of yarn of the end result a year gold, bauxite, any other day. And gold board happens to be Now, in praying then tear eh sign initiative from president gold and first year mine near year year raw state now year exporting at the core mine who do so any idea.
Now, fee Some engine fear castle which you must say from the president himself. John Dramani Mahama which you must say there you have fat raw gold and quite any export baby. You say no year year the refinery gold a core enter say This is a way of president trying to say say mining activities a year foreigners for instance and the same way the refinery name so no and the armor foreigners and the actual [snorts] journey by >> His Excellency President Mahama campaigned on the promise of a reset agenda.
And since his election he's been implementing this reset agenda in all facets of our lives.
Of all those of us who have been given the privilege to manage the precious mineral resources of our country our marching orders from His Excellency the President has been very clear. From day one, His Excellency has told us that we must change the narrative of Ghana's continuous exports of raw minerals.
And that is why His Excellency has boldly announced a vision, his vision to bring to an end the exports of raw minerals by the year 2030.
And we have been given the mandate to lead process to achieve that, you know, mandate.
Since we took office, when we took office on 7th of January 2025, Governor, as you may be aware, uh Ghana didn't have any functioning gold refinery that was refining gold in Ghana. All the gold that we're producing, both from the large-scale sector and the small-scale sector, were being exported out of Ghana in their raw state.
And um that is, I believe, you will agree with me, a tragedy that as a a mining country or nation for all these years, we still do not possess, or at the time we did not possess the capacity to refine the minerals we produce locally before export to ensure value addition, to ensure local value retention.
>> So, that is a year that the Gold Board CEO Yaw Asamoah Gyemfi a year kind of saying right now whatever This is a directive I would say my the whole area initiative to revamp and readjust and also mining sector in Ghana starts right from the mining site to the office of the gold board.
Gold Fields when we say South African based country most of natural resources gold particularly one of our more regards to a mining site you know. Next year 2027 assume.
for another 30 years.
Foreign Affairs Minister Ronald Lamola As you can see on the screens with the Ghana Chronicles I will say breaking.
Gold Fields to include South Africa's Foreign Affairs Minister Ronald Lamola in their lobby team to meet President Mahama and the lands minister for a potential mining lease extension.
Any extension be a And they say they are looking for ways and means I will be to me Foreign Affairs Minister Ronald Lamola Now you sign the 30 years being >> [clears throat] >> Now that Gold Fields in McCollum a mining site called Now that mine site you know the brother of the president Ibrahim Mahama Ibrahim Mahama here engineers and planners in and basically you know I said things are trying to fall in place for the people of that mine So on your screens I said that mine is is trending in Ghana because the diamond gold mine has officially shifted from the South African mining giant Gold Fields to local ownership under engineers and planners limited. The takeover followed the Ghanaian government's refusal to renew Gold Fields lease after nearly 30 years of operation in the diamond Gold Fields found mining were awful solid 30 and so cool cool there's nothing to show for Now see the mine is now being managed by the Ghanaian firm linked to businessman Ibrahim Mahama drawing huge national attention and political debate say we're and who because there is some conflict of interest and will be engineers and planners for some no When we shall my good folks a South African country. South African country You are maltreating them. beating them Any idea is a reason why Ghanaians are so happy.
Say President John Dramani Mahama What do any mining site?
Goldfields South African There is a video about for cry at a point it out to about recently another Ghanaian man South Africa for we to the country back to the country there Goldfields for also and go back to a country >> We are from Patriotic Alliance. However, we are also with community with us and Bona We are also with the community leaders here, right? So we came to the salt to ask who would he who is the owner in this area.
>> No, I'm not the owner.
>> Oh, there is the owner. You are what?
The manager?
Okay. So but but what we are doing is an awareness.
We are busy. In fact, we come from this is the second second saloon that we we came to, right?
South Africans are the ones I think you I'm sure you are aware by now that South Africans are the ones that are allowed to operate in the in the informal market. Informal market means small businesses. So I will assume that as a person that comes from Ghana, when you visit a country like South Africa, you familiarize yourselves with the law to understand when I get to this country, which type of of jobs or business space am I allowed to occupy and and and so forth.
Is that correct?
Yes, so you know that as a a foreign national you're not allowed to own a small shop in South Africa.
You are aware of that?
Yes, but then you are you are comfortable with breaking our laws.
It's okay, you can just you can just break our laws. Because I in my understanding I can't come to Ghana and do what the Ghanaians don't don't want me to do. I will respect the laws of of of Ghana. So what we are saying by by in short is that we taking back the informal market.
Full control of the informal market as South Africans.
Uh the first one that we closed we have put a South African there that she will be operating that store. Same thing is going to happen with each and every business that is in the hands which is a small business that is in the hands of foreign nationals. So what we are saying it doesn't end there. It doesn't end there. We are saying it's time for us as Africans to build this continent.
We are saying you need to go back to Ghana and do the same. Fix your country.
If there are foreigners in Ghana that are doing thing law things that they are not allowed to do, Ghanaian people must fix it.
Same thing. So if we want Africa developed, we want citizens of each and every country
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