The Ghana Gold Board (GoldBod) has announced a significant increase in the value of gold exports between January and August 2025, compared to the same period last year.
According to the Board’s Chief Executive Officer, Sammy Gyamfi, the country recorded approximately $6 billion during this period.
Speaking during the maiden edition of the Mining and Minerals Convention on Tuesday, September 9, 2025, he said “since January, up to the end of August 2025, small-scale gold exports undertaken or facilitated by the GoldBod working closely with the Bank of Ghana, have hit a record-high of 66.7 tonnes with an export value of approximately $6 billion United States Dollars.”
He explained that the feat was attained through some efforts the Board has put in place since its establishment some few months ago.
Highlighting on the achievement, he said the GoldBod has, amongst other things, “strengthened regulatory controls and oversight over the gold supply chain; introduced a transparent and competitive pricing system for licensed miners and licensed gold buyers.”
He continued that his leadership has sought the deployment of a “robust aggregation systems to effectively mop up gold from all mining regions and districts of the country” adding that the removal of “major incentives for gold smuggling such as the scrapping of the 1.5% withholding tax on unprocessed small-scale gold” have all contributed to the development.
The Board, according to Mr. Gyamfi, has also “intensified the fight against illegal gold trading and smuggling through the establishment of the GoldBod Task-Force, with reward for whistleblowers.”
The GoldBod CEO explained that these measures have contributed to the record-high gold exports in both volume and value this year. He also noted that the returns for the period exceed those obtained for the whole of 2024.
“What this means is that, the volume and value of small-scale gold exports from January to August 2025 alone, have exceeded the total small-scale gold export outturn for the whole of 2024 (January- December), which stood at 63 tonnes with a value of about $4.6 billion United States Dollars,” he stated.
Sammy Gyamfi further disclosed that that the country is making gains from the small-scale mining sector compared to the large-scale industry.
“It is also instructive to note, that small-scale gold exports continue to surpass those from the large-scale mining sector, which stood at 65.1 tonnes with an export value of about $5.6 billion United States dollars, for the period between January to August 2025.”
