Ghana’s gold export earnings surged to $5.24 billion in April 2025, up from $3.72 billion in March 2025, reflecting a significant rebound influenced by rising international gold prices.
According to data from the Bank of Ghana, since early 2024, the global price of gold has steadily climbed from approximately $2,334 per fine ounce to $3,218 in April 2025, marking a year-to-date increase of nearly 22%.
This upward trajectory in gold prices has directly supported Ghana’s export revenues. After peaking at $11.64 billion in December 2024, gold exports saw a temporary dip in the first quarter of 2025, with earnings dropping to $3.72 billion in March, before recovering sharply in April.
Analyzing the trend over the past year reveals a pattern of strong seasonal and market-driven fluctuations. Gold export earnings grew steadily through 2024, buoyed by climbing prices and consistent production. The slight early-2025 decline corresponded with global price corrections and logistical challenges, but the overall momentum remains positive.
The increase in gold prices stems from broader economic factors such as inflation concerns and geopolitical uncertainties, which have elevated gold’s status as a safe-haven asset. For Ghana, this trend reinforces gold’s critical role as a cornerstone of export earnings, helping to offset volatility in other commodity sectors.
