Ghana’s gold sector has recorded a historic milestone, with gold exports in April 2025 reaching an unprecedented $897.6 million, according to data released by the Ghana Gold Board (GoldBod). This figure represents the highest monthly gold export value in over two years and signals a major win for the country’s foreign exchange earnings.
The surge came on the back of 9,295 kilograms of gold exported in April alone, the largest monthly volume within the 28-month data window from January 2023 to April 2025. This single-month performance has surpassed the entire gold export value of the first half of 2023 and continues a powerful upward trend under the administration of President John Dramani Mahama.
Since taking office in January 2025, President Mahama’s government has prioritized the formalization and expansion of Ghana’s gold export infrastructure. Analysts credit recent policy interventions, including tighter regulation, aggressive anti-illegal mining enforcement, and a renewed focus on value addition and transparency in the sector, for the surge in volumes and value.
“This is a watershed moment for Ghana’s mining sector. Nearly $900 million in export revenue from gold in a single month is not just a number—it’s proof that targeted reforms are working,” said a source at the Ministry of Lands and Natural Resources.
April’s performance builds on a strong start to the year, with total gold export earnings from January to April 2025 already exceeding $2.7 billion, well ahead of the $2.19 billion recorded in all of 2023.
The Ghana Gold Board, tasked with supervising and certifying gold exports, has played a critical role in enhancing traceability and efficiency across the value chain. Collaborations with refineries and licensed exporters have helped reduce leakages and maximize returns to the state.
With global gold prices remaining strong due to global uncertainty, Ghana appears well-positioned to sustain its momentum—boosting foreign reserves, strengthening the cedi, and providing the fiscal headroom needed for national development initiatives.
As Ghana eyes new revenue targets, April 2025 may well be remembered as the month that redefined the country’s gold export potential.
