Gold exports generate $900 million in forex in 2025, according to Gold Board

The Ghana Gold Board has reported that gold exports for June 2025 alone reached $900 million.

According to the Chief Executive Officer, Sammy Gyamfi, gold exports in the first six months of 2025 have already surpassed the total gold exports recorded for the entire year of 2024.

He noted that over 50 tons of gold from small-scale miners have been exported since the establishment of GoldBod.

Addressing a press conference on June 30, 2025, Gyamfi stated, "You know that in the whole of 2024, gold exports for the entire year stood at 66 tons, with an export value of $4.6 billion. We've done only six months, and yet we've crossed the $4.6 billion we achieved in the whole of 2024. We've gone beyond $5 billion.

"In terms of volume, we are also approaching the 66-ton mark. We've already done over 50 tons, and we are optimistic that by the end of next month, we will have hit 60 tons."

He added that revenue from gold exports has contributed significant foreign exchange inflows, which have helped to strengthen the cedi.

The GoldBod CEO further highlighted that, for the first time in six months, gold exports from small-scale mining have exceeded those from large-scale mining.

“This month alone, we have brought in no less than $900 million in forex for the Bank of Ghana. So, if the Bank of Ghana has enough forex liquidity for the market and government obligations, and the cedi is strong and stable, it is because of some of these initiatives the GoldBod is undertaking,” he added.

Sammy Gyamfi also announced that all licenses previously issued under the Precious Minerals Marketing Company (PMMC) are no longer valid, adding that the new licensing regime has officially commenced.

SSD/MA