Also known as: PMMC
Precious Minerals Marketing Company — government agency that purchased gold from small-scale miners, later restructured into Ghana Gold Board in 2025.
Verbatim sentences from the source article.
Joy Online
… These obligations relate to legacy facilities with Royal Bank and Unibank Ghana Limited inherited from the defunct Precious Minerals Marketing Company (PMMC). …
GoldBod records GH¢5.4 billion surplus for 2025Joy Online
… The court found that Sesi-Edem had obtained a gold trading licence from the Precious Minerals Marketing Company in August 2024, valid until August 2025, and had also secured authorisation under a government agreement. …
CID clears Sesi-Edem, Council of State member in $14.3m gold deal probeNana Akwasi Awuah, former CEO of Ghana GoldBod, has advocated for the formation of an African Gold Producers Association to help gold-producing countries retain more value from the continent's gold resources. He proposed establishing an African Gold Refineries Association as an initial step to bring refineries together before forming a broader continental association.
29 September 2026 · Joy Online →
Nana Akwasi Awuah, former CEO of Ghana GoldBod, has advocated for the formation of an African Gold Producers Association to help gold-producing countries retain more value from the continent's gold resources. He proposed establishing an African Gold Refineries Association as an initial step to bring refineries together before forming a broader continental association.
29 September 2026 · Joy Online →
Manufacturing state-owned enterprises' revenue grew 114.74 per cent to GH¢1.21 billion in 2025, largely due to GoldBod, which was established following the restructuring of the Precious Minerals Marketing Company and generated GH¢1 billion in revenue, accounting for 83.34 per cent of the subsector's aggregate revenue.
4 September 2026 · Joy Online →
Former Lands and Natural Resources Minister Samuel Abu Jinapor has defended the Domestic Gold Purchase Programme, crediting former Vice President Dr Mahamudu Bawumia with conceiving the policy during post-COVID economic difficulties. The programme, formally launched on June 17, 2021, involved the Bank of Ghana purchasing gold locally from licensed aggregators and mining companies to strengthen gold reserves and augment foreign exchange reserves.
1 September 2026 · Joy Online →
Former Lands and Natural Resources Minister Samuel Abdulai Jinapor credited Ghana's significant gold export earnings in 2024 to the Domestic Gold Purchase Programme, under which large-scale mining companies were required from November 2023 to sell 20 per cent of their refined gold to the Bank of Ghana before exporting the remainder, while licensed small-scale miners and Community Mining Schemes were required to sell to the government through the Precious Minerals Marketing Company.
31 August 2026 · Joy Online →
The Western Regional Chairman of the NPP has raised concerns over the alleged GH¢22 billion financial loss involving the Ghana Gold Board under the Domestic Gold Purchase Programme, as reported by the IMF. He compared the controversy unfavourably to the performance of the Precious Minerals Marketing Company and suggested Ghanaians would voice their concerns in the next general election.
31 August 2026 · Daily Guide →
James Agalga, the incoming Majority Leader, has backed an early parliamentary probe into Ghana Gold Board operations, saying it will address concerns raised by the Minority. He said Parliament could use either an ad hoc committee or the Public Accounts Committee, and that key documents including an Auditor-General's report and IMF report already contain answers to questions about GoldBod.
25 August 2026 · Joy Online →
James Agalga, incoming Majority Leader, has defended the Ghana Gold Board against calls for a parliamentary probe into alleged losses under the domestic gold purchase programme, saying the board is prepared for scrutiny and accountability. He questioned whether a probe limited to 2025 would provide a complete picture, noting that issues surrounding the programme predate the board's current form, and cited the Auditor-General's 2025 report as containing no adverse findings against GoldBod.
25 August 2026 · Joy Online →
Incoming Majority Leader James Agalga says any Parliament probe into the Domestic Gold Purchase Programme should not be limited to 2025, but should cover the scheme's origins from 2021 and examine how gold purchases were conducted under previous administrations, particularly given an agreement between PMMC and the Bank of Ghana that dates to 2023 and remains in force.
25 August 2026 · Joy Online →
Incoming Majority Leader James Agalga has contested claims that the Gold Board incurred losses under its domestic gold purchasing operations, stating instead that it recorded a surplus of around 4 billion plus and is cited in the Auditor-General's report. The statement comes as Parliament's Minority pushes for an ad hoc committee investigation into what it says are losses from the government's gold trading scheme.
25 August 2026 · Joy Online →
Incoming Majority Leader James Agalga has defended the government's domestic gold purchase strategy, arguing that the Ghana Gold Board has played a key role in achieving economic gains in reserves, currency stability and inflation. Agalga said existing reports from the Auditor-General, IMF, and agreements between the Precious Minerals Marketing Company and Bank of Ghana already address questions raised by the Minority about the programme's operations and losses.
25 August 2026 · Joy Online →
The Minority cited an IMF report recording a US$1.7 billion loss (GH¢22 billion) in Ghana's Domestic Gold Purchase Programme, while GoldBod CEO presented audited financial statements showing an operational surplus of GH¢907 million and overall surplus of GH¢5.4 billion. The article notes both statements can be true because they address different aspects of the programme.
24 August 2026 · Joy Online →
Sammy Gyamfi, CEO of the Ghana Gold Board, says the agency operated as a buying agent for the Bank of Ghana in 2025 and was entitled to fees similar to those paid to the Precious Minerals Marketing Company. GoldBod reduced its fees from 0.75 per cent to 0.6 per cent in October 2025, then to 0.35 per cent in January 2026, and ended the programme in February 2026.
10 August 2026 · Joy Online →
The CEO of Ghana Gold Board says President Mahama's administration has "reset" Ghana's gold sector through reforms strengthening local refining and value addition, including establishing an LBMA refinery called Gold Coast. The Ghana Gold Board, established in 2025 as a flagship economic initiative, was created to restructure trading of gold and precious minerals.
9 August 2026 · Joy Online →
Ghana's Parliamentary Select Committee on Economy and Development visited the Ghana Gold Board to assess its operations and contribution to economic recovery through gold trading and foreign exchange mobilisation. CEO Sammy Gyamfi presented the Board's transformation from PMMC and outlined reforms including a planned gold traceability system procurement.
22 July 2026 · The Chronicle →
Former Precious Minerals Marketing Company CEO Nana Akwasi Awuah says he declined several award offers during his tenure because they required financial commitments disguised as sponsorship arrangements, preferring instead to focus on meaningful service and employee recognition.
8 June 2026 · Joy Online →
Former Chief Executive Officer of the Precious Minerals Marketing Company, Nana Akwasi Awuah, disclosed that he routinely rejected award offers that came with financial sponsorship obligations during his tenure. He argued that genuine recognition should come from employees and citizens impacted by leadership rather than from award schemes requiring financial commitments.
8 June 2026 · Joy Online →
Ghana Gold Board (GOLDBOD) reported a surplus of over GH¢5.4 billion in 2025 after assaying 103.8 metric tonnes of artisanal and small-scale gold and 101 metric tonnes of large-scale gold, but the same programme created a GH¢9.05 billion net loss at the Bank of Ghana, worsening the central bank's financial position.
4 May 2026 · Joy Online →
The Ghana Gold Board increased non-tax revenue from GH₵307.7 million in 2024 to GH₵970.8 million in 2025, while simultaneously reducing total expenditure from GH₵129.7 million to GH₵109.4 million, generating an operational surplus of GH₵909.8 million despite expanding its workforce from 114 to 450 employees following its transition from the defunct Precious Minerals Marketing Company.
29 April 2026 · Joy Online →
Ghana Gold Board expanded its workforce from 114 employees under PMMC in 2024 to 450 in 2025 as part of institutional transformation, while reducing expenditure from 129.7 million to 109.4 million.
29 April 2026 · Joy Online →
The Ghana Gold Board's 2025 audited accounts show revenue increasing from GH¢307.7m to GH¢970.8m while expenditure fell to GH¢109.4m, resulting in an operational surplus of GH¢909.7m despite expanded responsibilities.
29 April 2026 · Joy Online →
The Ghana Gold Board recorded total revenue of GH¢5.55 billion and an operational surplus of GH¢5.45 billion in 2025, representing a significant improvement from the prior year when surplus after exceptional items was GH¢185.34 million. Revenue was supported by GH¢4.54 billion in government seed capital for gold purchasing and trading, along with GH¢983.96 million in non-tax revenue including ASM gold aggregation fees and assay fees.
29 April 2026 · Joy Online →
The Criminal Investigations Department has exonerated Sesi-Edem Company Limited and its directors, including Dr Gabriel Tanko Kwamigah-Atokple, of criminal wrongdoing in relation to a $14.315 million gold transaction involving allegations that JG Resources Limited received payment but failed to deliver the full amount of gold.
29 April 2026 · Joy Online →