The Ghana Gold Board (GoldBod) has reported robust financial and operational outcomes for the third quarter of 2025, achieving total revenue of GH¢691.14 million and showcasing an increasing impact within the nation’s gold and mineral export sector.
As per its statutory report covering July to September 2025, GoldBod incurred expenses amounting to GH¢53.98 million during this timeframe, resulting in a net comprehensive income of GH¢637.39 million.
The Board concluded the quarter with cash and bank balances totalling GH¢1.12 billion, indicating a growing financial stability in its early years.
The revenue was primarily fueled by assay services, licensing fees, and service charges associated with its gold-buying initiative in collaboration with the Bank of Ghana. Assay fees from the artisanal and small-scale mining (ASM) sector contributed GH¢244.73 million, while service charges from the central bank represented GH¢386.62 million.
GoldBod’s operational activities also exhibited notable growth. The Board acquired 26,153.98 kilograms of gold from ASM producers, enhancing liquidity and bolstering ongoing efforts to formalise the sector. Additionally, it procured 119.78 kilograms of gold from large-scale mining companies for the Bank of Ghana’s reserve accumulation, valued at US$11.82 million.
Gold exports during this period remained robust. ASM operators exported 25,780.60 kilograms of gold valued at US$2.71 billion, while large-scale producers exported 24,911.21 kilograms worth US$2.43 billion. Furthermore, the Board facilitated the export of 11,271.59 carats of diamonds, valued at US$4.19 million.
On the regulatory side, GoldBod processed and issued 577 licenses under its tiered licensing framework. This included 432 Tier 2 licenses, 123 Tier 1 licenses, and 22 approvals for self-financed aggregators, along with two suspensions and one revocation due to non-compliance.
