Ghana’s gold export industry has reached a historic milestone as the Ghana Gold Board (GoldBod) announced that the country has earned over $5 billion from gold exports within the first half of 2025 alone—surpassing the total export revenue for the whole of 2024.
Speaking at a press briefing in Accra, Chief Executive Officer of GoldBod, Sammy Gyamfi, hailed the achievement as proof that recent regulatory overhauls and stricter oversight under the Ghana Gold Board Act, 2025 (Act 1140) are already paying off.
“In the whole of 2024, gold exports stood at 66 tons with an export value of $4.6 billion. We have done only six months, and yet we have crossed the $4.6 billion. We have gone beyond $5 billion, and in terms of volumes, we have done 50 tons and over, and we are optimistic that by the end of next month, we will have hit 60 tons,” he said.
Mr. Gyamfi attributed the surge in exports to better compliance measures, streamlined licensing, and the formalisation of previously unregulated segments of the gold trade.
Beyond export volumes, he highlighted the Board’s role in supporting Ghana’s macroeconomic environment through consistent foreign exchange inflows.
“This month alone we have brought in nothing less $900 million in forex for the Bank of Ghana and so if the Bank of Ghana has enough forex liquidity for the market and for government obligations and the Cedi is strong and stable it is because of some these things the GoldBod is doing,” he added.
As the country’s official gold regulator, GoldBod has now taken full control of licensing for all gold trading activities, following the implementation of the new GoldBod Act.
Effective July 1, 2025, any person or entity trading in gold without a valid license from the Ghana Gold Board will be operating illegally. The Act nullifies all licenses previously issued by the defunct Precious Minerals Marketing Company (PMMC) and even those granted directly by the Minister of Lands and Natural Resources.
The GoldBod CEO emphasized that this legal shift is not just about enforcement but about building a modern, transparent, and accountable gold industry that can help drive Ghana’s long-term development.
With momentum building, the Board is now aiming to end the year with exports that far exceed the 66-tonne benchmark set in 2024, cementing Ghana’s place as a leader in Africa’s gold economy.
