Ghana’s small-scale gold mining sector has recorded a significant boost in export earnings, generating over US$8.06 billion in foreign exchange between January and October 15, 2025.
This is according to newly released data from the Ghana Gold Board (GoldBod) in collaboration with the Precious Minerals Marketing Company (PMMC).
The figures show that 81,719.23 kilograms of gold were exported during the period, a substantial increase from US$4.61 billion in 2024, and nearly four times the US$2.19 billion recorded in 2023.
The data reflects a consistent upward trend in both gold volumes and export value over the past three years.
According to GoldBod, the surge is a direct result of improved sector regulation, enhanced transparency, and growing compliance among small-scale miners. Notably strong performances were recorded in April (US$897.6 million), May (US$1.17 billion), and June (US$957.9 million) — highlighting a particularly robust second quarter.
The Ghana Gold Board credited its collaboration with the PMMC for the positive outcomes, noting that tighter oversight has helped reduce illegal gold exports while ensuring that foreign exchange earnings are fully repatriated into the Ghanaian economy.
Officials say the impressive revenue growth is a welcome development as it strengthens Ghana’s foreign reserves and contributes meaningfully to the country’s broader economic recovery efforts.
The small-scale mining sector, long seen as informal and difficult to regulate, is now playing an increasingly formalised role in Ghana’s mineral export economy — a shift stakeholders say must be sustained through continuous monitoring and policy support.
