• GoldBodinvests $2.5 million in geological studies to identify new artisanal mining sites.

• The initiative targets mineralized zones in Funsi, Atuna and Bensere East to guide future mining investments.

• The move supports formalization of Ghana’s artisanal mining sector, which produced a record 3.1 million ounces in 2025.

GoldBodin Ghana has signed an agreement with the Ghana Geological Survey Authority (GGSA) to conduct geological studies in mineralized zones. The institution announced the agreement on March 16. The project carries an initial cost of 27.5 million cedis ($2.5 million). The initiative aims to assess the mineral potential of selected areas and support the future development of new artisanal mining sites.

The program targets mineralized zones located in Funsi, Atuna and Bensere East. However, authorities have not yet specified the types of minerals under investigation. The Ghana Geological Survey Authority will conduct geological surveys over a four-month period. The studies aim to generate reliable data. This data will guide mining investments and support the development of “responsible artisanal mining operations.”

The project marks a turning point in the strategy of GoldBod. The institution has positioned itself as the regulator of artisanal and small-scale mining (ASM) in Ghana since its creation last year. It has also established itself as the sole buyer of gold produced by small-scale miners. By investing in exploration activities, GoldBodis expanding its mandate. The institution is now integrating the development of new mining sites as a lever to formalize a historically informal sector.

The initiative comes as GoldBodseeks to consolidate recent progress in the sector. Artisanal gold production reached a record 3.1 million ounces in 2025. However, the outcome of the planned studies remains uncertain. The identification of viable gold deposits could prove decisive for future development plans. In addition to gold, Ghana also produces bauxite and manganese as key mining commodities.

This article was initially published in French by Aurel Sèdjro Houenou

Adapted in English by Ange J.A de Berry Quenum