Golden Sovereignty: President Mahama Seals Monumental 30% Gold Off-Take Deal with Large-Scale Mining Firms

In a massive economic and political milestone, the government of President John Dramani Mahama has officially finalized a sweeping structural agreement mandating all large-scale mining companies in Ghana to sell 30% of their total gold output directly to the state.

The policy shift is a definitive maneuver to aggressively build up Ghana’s strategic national gold and foreign exchange reserves. Strategically rolled out alongside a newly proposed Minerals Royalty Bill—which aims to radically alter a 65-year-old formula by funneling direct mineral royalties to local landowners and mining-affected communities—the "gold off-take" deal has triggered intense public debate. While the administration frames it as a historic reclaim of national resources, opposition critics are closely monitoring the implementation, questioning how the central bank will manage liquidity under the aggressive state-purchasing framework.

 Read also;

  POLITICAL EARTHQUAKE: Wontumi's Legal Troubles Deepen as New Twists Shake Ghana's Political Landscape

"I’m Going to the UN!" – Abronye DC Drops Bombshell Petition Against Ken Agyapong and Ghana Police Over Death Threats and Botched Suale Case

"I’m Ready for Divorce!" – Florence Obinim Blasts Husband & Benedicta Gafah Over Leaked Chats

Follow us on our  social media platforms

>>>Facebook

>>>Twitter

>>>Telegram

Follow us on direct website URL: (getnews1gh.blogspot.com) by scrolling down the page