Less than a year after its establishment, the Ghana Gold Board (GoldBod) has achieved a significant milestone, emerging as the top-performing state institution at this year’s Public Enterprises League Table (PELT) Awards.
The institution was crowned State-Owned Enterprise of the Year, highlighting what many observers see as a strong early showing by the new entity in Ghana’s ongoing reforms in the gold sector.
In addition to the top honour, GoldBod also won the Most Profitable State-Owned Enterprise award and was adjudged the Overall Best Specified Entity, placing it among the most outstanding public institutions assessed under the national performance evaluation system.
The annual PELT Awards are organised by the State Interests and Governance Authority (SIGA) to recognise excellence and performance among state-owned enterprises and specified entities across the country.
GoldBod’s recognition comes at a time when the institution is still in its formative phase.
The Board was established in April 2025 under the Ghana Gold Board Act, 2025 (Act 1140), following its passage by Parliament and subsequent presidential assent which formally created the state body to oversee gold trading activities in the country.
The law mandates the Board to regulate, purchase, assay, sell and export gold—particularly from the artisanal and small-scale mining sector—as part of broader efforts to enhance transparency and maximise national value from Ghana’s mineral resources.
As part of the institutional transition under the Act, the new Board assumed responsibilities previously handled by the Precious Minerals Marketing Company Limited (PMMC), including key functions related to gold purchasing, assaying and marketing.
Officials say the reform is intended to streamline Ghana’s precious minerals trading system, strengthen oversight and improve foreign exchange inflows from the gold sector.
Receiving the awards on behalf of the institution, the Deputy Chief Executive Officer of GoldBod, Richard Nunekpeku, expressed appreciation to SIGA for recognising the Board’s performance.
“We are excited to receive this award and the third award of the night. On behalf of the Board, management and staff of the Ghana Gold Board, we wish to thank SIGA for recognising our performance,” he said.
He noted that the recognition would serve as motivation for the institution to maintain its strong performance and meet the targets outlined in its performance contract with the oversight authority.
Mr. Nunekpeku added that although GoldBod had secured the top honours this year, the Board remains focused on strengthening its operations and achieving the objectives set out in its mandate.
The recognition underscores GoldBod’s growing role as a key state institution driving reforms in Ghana’s gold sector, particularly in areas such as transparency, value retention and sustainable resource management.
The Public Enterprises League Table Awards continue to serve as an important benchmark for assessing the performance of state institutions while promoting accountability, efficiency and sound corporate governance across Ghana’s public sector.
