Deputy Finance Minister, Thomas Nyarko Ampem, says the Ghana Gold Board is helping to curb billions of dollars lost through gold smuggling while boosting foreign exchange earnings.
Speaking on the floor of Parliament on Wednesday, June 24, he indicated that between January 2025 and May 2026, GoldBod purchased a total of 135.8 metric tonnes of gold, with over 135 metric tonnes sourced from the artisanal and small-scale mining sector.
“Mr. Speaker from January 2025 to May 2026, the GoldBod purchased a total of 135.843 metric tonnes of gold of which 135.221 metric tonnes were sourced from artisanal and small-scale mining sector,” he stated adding that as at May 31, 2026, GoldBod had licensed a total of 1,184 buyers.
Also, he revealed that GoldBod spent approximately $16.1 billion on gold purchases between January 2025 to May 2026, with $9.8 billion expended in 2025 alone.
“Mr. Speaker from January 2025 to May 2026 the GoldBod expended approximately $16. 1 billion on the purchase of gold of which
$9.8 billion was used between January and December 2025,” he said.
According to the Deputy Minister, GoldBod generated over $10 billion in revenue from gold purchased in 2025, adding that the inflows from these exports contributed significantly to strengthening and stabilising the Ghana Cedi while helping reverse losses from gold smuggling.
“Mr. Speaker, in 2025, the GoldBod cumulatively purchased aggregated and exported ASM gold totaling 104 metric tonnes which generated in excess of $10 billion for the country,” he noted.
He continued: “This singular achievement of the GoldBod was critical in the appreciation of the Ghana Cedi by about 41% against the US dollar in 2025 and in increasing foreign reserves from about $8.98 billion in December 2024 to $13.8 billion by end of December 2025.
