The Ghana Gold Board (GoldBod) has achieved a gold export value exceeding $5 billion for the first half of 2025, surpassing the $4.6 billion recorded for the entirety of 2024.
Chief Executive Officer Sammy Gyamfi announced this at a press conference in Accra, highlighting the milestone as a clear reflection of the effects of ongoing regulatory reforms and initiatives aimed at formalizing the gold trade.
He further stated that the Board is on course to reach the 60-tonne export target by the end of July 2025, propelled by enhanced compliance, better oversight, and the streamlined licensing framework established under the Ghana Gold Board Act, 2025 (Act 1140).
“In the entire year of 2024, gold exports amounted to 66 tons with an export value of $4.6 billion. In just six months, we have already surpassed the $4.6 billion mark. We have exceeded $5 billion, and in terms of volume, we have achieved over 50 tons. We are optimistic that by the end of next month, we will reach 60 tons,” he stated.
Sammy Gyamfi underscored that GoldBod is dedicated to playing a pivotal role in enhancing foreign exchange inflows and fostering macroeconomic stability.
“This month alone, we have contributed no less than $900 million in foreign exchange to the Bank of Ghana. Therefore, if the Bank of Ghana possesses sufficient foreign exchange liquidity for the market and government obligations, and if the Cedi remains strong and stable, it is due to the initiatives undertaken by GoldBod,” he added.
Additionally, effective today, July 1, any individual trading in gold without a license from GoldBod is doing so illegally, as all previously issued licenses by the now-defunct Precious Minerals Marketing Company (PMMC) and the Minister of Lands and Natural Resources for gold trading have been rendered obsolete by the GoldBod Act.
