The Ghana Gold Board (GoldBod) has crossed the $5 billion mark in gold export value for the first half of 2025—surpassing the $4.6 billion recorded for the entire year of 2024.
Chief Executive Officer Sammy Gyamfi made the announcement at a press conference in Accra, describing the milestone as a clear indication of the impact of ongoing regulatory reforms and efforts to formalize the gold trade.
He added that the Board is on track to hit the 60-tonne export mark by the end of July 2025, driven by stronger compliance, improved oversight, and the streamlined licensing regime under the Ghana Gold Board Act, 2025 (Act 1140).
“In the whole of 2024, gold exports stood at 66 tons with an export value of $4.6 billion. We have done only six months, and yet we have crossed the $4.6 billion. We have gone beyond $5 billion, and in terms of volumes, we have done 50 tons and over, and we are optimistic that by the end of next month, we will have hit 60 tons,” he said.
Sammy Gyamfi emphasized that GoldBod remains committed to playing a strategic role in boosting foreign exchange inflows and supporting macroeconomic stability.
“This month alone we have brought in nothing less $900 million in forex for the Bank of Ghana and so if the Bank of Ghana has enough forex liquidity for the market and for government obligations and the Cedi is strong and stable it is because of some these things the Goldbod is doing,” he added.
Meanwhile effective today, July 1, anybody who trades in gold without obtaining a license from the GoldBod does so illegally, as all the previous licenses issued by the defunct Precious Minerals Marketing Company (PMMC) and the Minister of Lands and Natural Resources for gold trading have been rendered redundant by the GoldBod Act.
