The Ghana Gold Board (GoldBod) has exceeded its 2025 small-scale gold export target of 100 metric tons, mobilising more than US$10 billion in foreign exchange revenue for the country in a major boost to Ghana’s external reserves and macroeconomic stability.
The achievement was announced by the Chief Executive Officer of GoldBod, Mr. Sammy Gyamfi, Esq. in a statement shared on his official Facebook page, marking what he described as a defining milestone in the ongoing reform of Ghana’s gold trading and export regime.
According to Mr. Gyamfi, the early attainment of the export target reflects the impact of strengthened regulatory oversight, improved traceability systems, and strategic partnerships across the gold value chain, particularly with licensed small-scale miners.
“Yesterday, the Ghana Gold Board surpassed its 2025 small-scale gold export target of 100 tons, generating over US$10 billion in foreign exchange for the country,” he stated, noting that the outcome underscores the viability of GoldBod’s mandate to sanitise and formalise gold trading in Ghana.
GoldBod’s strong export performance is further supported by its recently published second and third quarter financial reports, which recorded a combined net comprehensive income of GH¢906.32 million between April and September 2025. The results point to a rapidly strengthening balance sheet, positioning the Board as a financially sustainable institution while delivering on its core objectives of responsible gold trading, value addition, and foreign exchange generation.
Sector analysts say the Board’s first and second quarter performance demonstrated a consistent upward trajectory in gold production and exports from the small-scale mining sector. They attribute this growth to GoldBod’s intensified efforts to integrate small-scale miners into the formal economy through licensing, compliance enforcement, market access, and fair pricing mechanisms.
The improved performance has also been linked to growing international demand for Ghanaian gold, driven by enhanced confidence in GoldBod’s regulatory framework and its commitment to ethical sourcing and transparency. This, analysts note, has strengthened Ghana’s competitiveness in the global gold market while curbing leakages and smuggling that historically undermined export revenues.
Beyond revenue mobilisation, GoldBod officials indicate that the export milestone reinforces the Board’s broader role in supporting national economic priorities, including foreign exchange stabilisation, value retention, and the long-term development of the small-scale mining sector as a critical pillar of Ghana’s extractive industry.
