GoldBod reports GH¢691 million in Q3 revenue

The Ghana Gold Board (GoldBod) delivered strong financial and operational performance in the third quarter of 2025, generating GH¢691.14 million in total revenue and strengthening its role in Ghana’s gold and mineral export landscape.

The statutory report covering July to September 2025 shows that the Board spent GH¢53.98 million during the period, leaving it with a net comprehensive income of GH¢637.39 million.

GoldBod closed the quarter with cash and bank balances amounting to GH¢1.12 billion—an indication of growing financial resilience as the institution continues to mature.

The revenue surge was driven primarily by assay services, licence fees, and charges from its gold-buying arrangement with the Bank of Ghana. Assay fees from the artisanal and small-scale mining (ASM) sector brought in GH¢244.73 million, while service charges from the central bank contributed GH¢386.62 million.

Operational output also expanded significantly. GoldBod purchased 26,153.98 kilograms of gold from ASM producers, enhancing liquidity and supporting ongoing formalisation initiatives in the sector. It also secured 119.78 kilograms of gold from large-scale mining companies for the Bank of Ghana’s reserve programme, worth US$11.82 million.

Gold exports continued to perform strongly during the quarter. ASM operators shipped 25,780.60 kilograms of gold valued at US$2.71 billion, while large-scale miners exported 24,911.21 kilograms worth US$2.43 billion. The Board also facilitated the export of 11,271.59 carats of diamonds, valued at US$4.19 million.

On regulation, GoldBod processed a total of 577 licences under its revised tiered system. These approvals included 432 Tier 2 licences, 123 Tier 1 licences, and 22 for self-financed aggregators. The Board also issued two licence suspensions and revoked one licence for non-compliance.