Ghana’s GoldBod has recorded a significant surplus of GH¢5.45 billion in its 2025 performance, driven by robust gold exports.
The country’s small-scale gold exports hit a record high, reaching 66.7 metric tons, valued at approximately $6 billion from January to August 2025.
This surpasses the full-year small-scale gold export output in 2024 of 63 tons, valued at $4.6 billion.
The Ghana Gold Board (GoldBod) attributes its success to aggressive reforms, strict regulatory oversight, and tighter control over the gold supply chain to prevent smuggling and ensure compliance.
GoldBod has also initiated local purchases of 20% of gold output from seven large-scale mining companies, with the central bank acquiring nearly 100 kg to augment national reserves.
In 2025, GoldBod generated approximately $10 billion in foreign exchange for Ghana, with a target of $12 billion in ASM gold exports in 2026.

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