Ghana’s small-scale gold export industry has earned the country more than US$8 billion in foreign exchange between January and October 15, 2025, marking a record-breaking performance for the sector.
Fresh data released by the Ghana Gold Board (GoldBod) and the Precious Minerals Marketing Company (PMMC) show that 81,719.23 kilograms of gold were exported within the period, generating an estimated US$8.06 billion in revenue.
This represents a sharp increase from the US$4.61 billion recorded in 2024 and nearly four times the US$2.19 billion achieved in 2023 — underscoring a consistent growth trajectory in both the volume and value of gold exports over the past three years.
GoldBod attributes this strong performance to enhanced regulation, improved transparency, and stronger compliance measures across the small-scale mining sector.
Notable monthly surges were recorded in April (US$897.6 million), May (US$1.17 billion), and June (US$957.9 million), highlighting the sector’s robust performance during the second quarter of the year.
According to GoldBod, close collaboration with PMMC has been pivotal in achieving these results. The partnership has helped curb illegal trading, improve monitoring systems, and ensure that foreign exchange earnings from gold exports are repatriated into the national economy.
Officials say the strong showing from the small-scale mining sector not only underscores its strategic importance to the country’s foreign exchange earnings but also reflects the success of recent policy interventions aimed at formalising and regulating artisanal mining.
