Ghana Gold Board (GoldBod) and the Precious Minerals Marketing Company (PMMC) have achieved a remarkable milestone, generating more than $8 billion in foreign exchange between January and October 15, 2025. This revenue was realized through the export of 81,719.23 kilograms of gold from Ghana’s small-scale mining sector.
According to official data, this achievement marks a substantial improvement over the 2024 export value of $4.61 billion, when 42,863.23 kilograms of gold were exported. Notably, the 2025 figures surpassed the entire 2024 earnings within the first half of the year, indicating strong performance and improved regulatory efficiency.
The GoldBod Taskforce has also been active in curbing illegal trade, with recent arrests involving American, Moroccan, and Ghanaian nationals suspected of engaging in unauthorized gold transactions. These enforcement efforts form part of a broader strategy to sanitize the sector and ensure legitimate gold trading practices.
GoldBod attributes the surge in export earnings to aggressive reforms, strict regulatory oversight, and enhanced control measures that minimize smuggling and promote transparency in the gold supply chain. These measures are designed to strengthen the credibility of Ghana’s gold trade and enhance investor confidence.
The over $8 billion in revenue is expected to significantly bolster Ghana’s foreign reserves, offering critical support to the nation’s economic recovery efforts amid global financial pressures. Authorities emphasize that maintaining these gains will require continued vigilance, compliance, and collaboration among stakeholders in the mining industry.