GoldBod records $6 billion in Small-Scale Gold Exports – Sammy Gyamfi

Small-scale gold exports between January and August 2025 hit a record $6 billion.

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has disclosed that Ghana recorded $6 billion in small-scale gold exports within the first eight months of 2025.

Speaking at the maiden edition of the Mining and Minerals Convention held at the Kempinski Gold Coast Hotel in Accra on Tuesday, September 9, 2025, Mr. Gyamfi said the GoldBod’s interventions had led to unprecedented growth in small-scale gold exports, making 2025 a landmark year for the sector.

He noted that from January to August 2025, Ghana exported 66.7 tonnes of gold valued at approximately $6 billion. This figure, he explained, had already exceeded the total export of 63 tonnes valued at $4.6 billion recorded for the entire year of 2024. “We have achieved record-high small-scale gold exports in just eight months, proving the impact of GoldBod’s reforms,” he emphasized.

According to him, the surge in exports was the result of aggressive licensing reforms, improved oversight, and competitive pricing introduced by the GoldBod. He added that the Board’s aggregation system and anti-smuggling measures had curbed leakages in the gold trade, channeling more revenue into official exports.

Mr. Gyamfi explained that small-scale exports now surpass large-scale gold exports. For the same period in 2025, large-scale exports stood at 65.1 tonnes, valued at $5.6 billion, slightly below the small-scale sector’s output. He described this as a clear demonstration of the sector’s growing strategic role in Ghana’s mining industry.

The GoldBod CEO further revealed that foreign exchange inflows from gold exports had significantly strengthened Ghana’s reserves, supported the balance of payments, and boosted the performance of the cedi. He stressed that these gains underline the importance of consolidating reforms in the small-scale mining sector.

Mr. Gyamfi said the Ghana Gold Board would continue to pursue responsible sourcing, transparency, and sustainability in the gold value chain. He maintained that with the right policies, Ghana could maintain its position as Africa’s leading exporter of gold while maximizing national benefits.