GoldBod Generates Over $8 Billion from Gold Exports Between January and October 2025

Ghana’s small-scale gold export sector has generated over US$8 billion in foreign exchange between January and mid-October 2025, according to new data from the Ghana Gold Board (GoldBod) and the Precious Minerals Marketing Company (PMMC).

The figures show that small-scale miners exported 81,719.23 kilograms of gold within the period, valued at US$8.06 billion — a significant jump from US$4.61 billion in 2024 and almost quadruple the US$2.19 billion recorded in 2023.

The data highlights a steady upward trend in both gold volume and export value over the past three years, reflecting enhanced regulation, transparency, and compliance in Ghana’s small-scale mining sector.

Strong monthly performances were recorded in April (US$897.6 million), May (US$1.17 billion), and June (US$957.9 million), indicating robust output during the second quarter of 2025.

GoldBod credited the impressive growth to its ongoing collaboration with PMMC, which has strengthened oversight of small-scale gold exports and reduced illicit trading.

“Our partnership with PMMC has helped ensure that gold proceeds are properly repatriated into the Ghanaian economy while promoting ethical and sustainable mining practices,” GoldBod noted in its report.

The surge in gold export earnings is expected to boost Ghana’s foreign reserves and support the government’s economic recovery efforts, especially as the country continues to stabilize its currency and strengthen external accounts.