The Ghana Gold Board (GoldBod) has announced a historic achievement, recording over $5 billion in gold export value for the first half of 2025—eclipsing the $4.6 billion recorded for the entire year of 2024.
Chief Executive Officer Sammy Gyamfi, speaking at a press conference in Accra, attributed the surge in performance to comprehensive regulatory reforms and the formalization of the gold trade 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,” Gyamfi noted. “We’ve done just six months and have already crossed $5 billion. In terms of volumes, we have exported over 50 tons, and we are confident of reaching the 60-tonne mark by the end of July.”
The CEO highlighted improved sector oversight, enhanced compliance, and a revamped licensing regime as key drivers of the strong performance. He further emphasized GoldBod’s growing contribution to foreign exchange inflows and macroeconomic stability.
“This month alone, we brought in no less than $900 million in forex for the Bank of Ghana,” Gyamfi revealed. “If the Bank of Ghana has sufficient forex liquidity for market operations and government obligations, and if the Cedi is stable, part of the credit goes to what GoldBod is doing.”
In a major regulatory shift effective today, July 1, 2025, Gyamfi announced that all previous gold trading licenses issued by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources have been rendered obsolete. Going forward, only licenses issued by GoldBod will be recognized, and anyone trading gold without a valid GoldBod license will be operating illegally.
The GoldBod Act, passed earlier this year, centralizes gold trade regulation under one authority, aiming to increase transparency, combat smuggling, and maximize revenue for the state.
