Gold exports hit historic $5bn in first half of 2025
By Samuella Antwi
The Ghana Gold Board (GoldBod) has hit a record-breaking USD 5 billion in gold export revenue in the first half of 2025 surpassing the total earnings for all of 2024.
This was announced by the Board’s Chief Executive Officer (CEO), Sammy Gyamfi, at a press briefing in Accra, where he hailed the achievement as proof of the effectiveness of new regulatory measures 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 USD4.6 billion. We’ve already done over 50 tons and crossed the USD5 billion mark in just six months. By the end of July, we expect to reach 60 tons,” Mr. Gyamfi revealed.
He attributed the impressive performance to enhanced regulatory compliance, improved oversight mechanisms, and a streamlined licensing framework introduced under the new GoldBod Act.
According to Gyamfi, GoldBod has also significantly contributed to stabilizing Ghana’s currency. “This month alone, we have brought in no less than USD900 million in foreign exchange for the Bank of Ghana. That kind of injection supports the cedi and strengthens macroeconomic stability,” he stressed.
As of July 1, 2025, all gold trading in Ghana must be conducted under licenses issued by GoldBod. The new regulation invalidates all previous licenses issued by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources.”
The Board emphasized that any individual or entity engaged in gold trading without a valid GoldBod license is operating illegally and will face the full force of the law.
With Ghana seeking to boost its foreign exchange reserves and reduce reliance on external financing, GoldBod’s performance signals a promising shift toward a more formalized and productive gold industry.
The Board remains optimistic that, with sustained enforcement and growing international demand, gold exports will continue on an upward trajectory in the second half of the year.
