Wisdom Gomashie Demands Answers on GoldBod MoU Termination
Ing. Wisdom Gomashie has called for transparency regarding the termination of a US$1 billion MoU between GoldBod and Goldstream Global DMCC.
In Brief
- •Ing. Wisdom Gomashie has called for transparency regarding the termination of a US$1 billion MoU between GoldBod and Goldstream Global DMCC.
- •The MoU, signed in August 2025, aimed to modernize Ghana's mineral landscape through the development of model mines.
- •The termination followed Goldstream Global DMCC's failure to perform its obligations under the MoU.
- •An RTI request revealed that the MoU should not be treated as an ongoing commercial arrangement or creating financial obligations.
- •Wisdom Gomashie's demand highlights concerns over state exposure and the lack of proactive institutional disclosure.
Why It Matters
The termination of the US$1 billion MoU between GoldBod and Goldstream Global DMCC raises significant questions about the state's exposure and the transparency of public-private partnerships in Ghana's extractives sector. This incident underscores the need for better oversight and disclosure in such agreements, which are crucial for ensuring the sector's sustainability and compliance with environmental and social standards.
Key Details
- MoU Value
- US$1 billion
- Signing Date
- August 22, 2025
- Termination Date
- Not specified
- RTI Request Date
- August 11, 2026
- RTI Response Date
- September 2026
Context & Background
The MoU was part of Ghana's efforts to modernize its artisanal and small-scale mining sector through international partnerships. The initiative aimed to formalize informal operators, introduce sustainable practices, and enhance traceability in the gold supply chain.
Original Reporting & Sources
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