The Ghana Gold Board (GoldBod) has achieved one of its most impressive quarterly performances to date, with gold exports for the third quarter of 2025 reaching a total of US$5.1 billion.
This remarkable figure is primarily attributed to both artisanal and large-scale mining operations, which solidify gold’s status as Ghana’s most dependable export revenue source and a vital support for external income.
As per GoldBod’s official statutory report for the period of July to September 2025, it reported a total revenue of GH¢691.14 million.
Following expenditures of GH¢53.98 million during the quarter, the Board recorded a net comprehensive income of GH¢637.39 million.
At the end of the period, it held GH¢1.12 billion in cash and bank balances, a financial position that indicates increasing financial stability in its formative operational years.
A significant contributor to revenue was the collaboration with the artisanal and small-scale mining (ASM) sector.
Assay services yielded GH¢244.73 million, while service fees from its gold-buying partnership with the Bank of Ghana accounted for GH¢386.62 million.
GoldBod’s operational output was also notably strong.
It acquired 26,153.98 kilograms of gold from ASM miners, valued at US$2.76 billion, as part of ongoing initiatives to formalise and enhance the small-scale mining value chain.
In support of national reserves, the Board also secured 119.78 kilograms of gold from large-scale producers for the Bank of Ghana, valued at US$11.82 million.
Gold exports continued to show robust momentum throughout the quarter: ASM operators exported 25,780.60kg, amounting to US$2.71 billion.
Conversely, large-scale mining companies exported 24,911.21kg, totalling US$2.43 billion.
These exports combined reached US$5.1 billion, establishing gold as the cornerstone of Ghana’s external trade earnings.
In addition to gold, the Board also facilitated the export of 11,271.59 carats of diamonds, valued at US$4.19 million.
This robust performance in the third quarter was characterised by increasing exports, growth in revenue, and enhanced contributions to reserves, positioning Ghana’s gold sector as a stabilising element for the wider economy in the face of ongoing fiscal and external challenges.
