Small-Scale gold exports generate $6.3bn in 8 months
The nation’s formalised small-scale gold sector has posted an unprecedented performance, with exports reaching USD6.3 billion in just eight months of 2025, the Chief Executive Officer (CEO) of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has disclosed.
The achievement, he said, has already surpassed the full-year export figures for 2024 and underscores the impact of government reforms to formalise artisanal and small-scale mining (ASM) while tightening oversight in the sector.
Speaking at the maiden Mining and Minerals Convention in Accra on Tuesday, 9 September 2025, Mr Gyamfi revealed that between January and August 2025, small-scale gold exports executed by or through GoldBod, in partnership with the Bank of Ghana (BoG), totalled 66.7 tonnes (66,700 kilogrammes).
“Since January up to the end of August 2025, small-scale gold exports undertaken by or through GoldBod, working closely with the BoG, have hit a record high of 66.7 tonnes with an export value of approximately USD6.3 billion,” he said.
Surpassing 2024 Performance
The milestone represents a sharp leap over the previous year. In 2024, Ghana recorded a total of 63 tonnes of small-scale gold exports valued at about USD4.6 billion.
This means that in just eight months, 2025 exports have outpaced the entire previous year by 3.7 tonnes and nearly USD1.7 billion in value.
The export value realised so far represents a 37 per cent increase year-on-year, driven by both higher volumes and favourable pricing on the international market.
Data indicates that the average realised price stood at around USD94,453 per kilogramme for the period under review, reflecting the strength of gold amidst global economic uncertainty.
Turning Point for Small-Scale Mining
For years, Ghana’s small-scale mining industry has been dogged by challenges, including illegal operations, environmental damage and gold smuggling, which deprived the state of significant revenue.
The establishment of GoldBod and its strict regulatory framework has been central to reversing these trends.
Mr Gyamfi stressed that the results demonstrate the effectiveness of policies requiring miners to channel exports through official structures, ensuring that Ghana fully benefits from its gold wealth.
“This performance shows that with the right regulatory oversight and collaboration, the small-scale sector can make a transformative contribution to the national economy,” he added.
