Ghana’s small-scale gold export sector has recorded a major leap in performance, generating 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 81,719.23 kilograms of gold were exported during the period, valued at US$8.06 billion, almost double the US$4.61 billion earned in 2024 and nearly four times the US$2.19 billion recorded in 2023.
GoldBod said the data reflect a remarkable turnaround in Ghana’s small-scale mining sector, driven by stricter regulation, improved transparency, and stronger compliance systems.
The reforms, officials say, have curbed illegal trading, encouraged formalization, and ensured that foreign earnings are repatriated into the national economy.
Monthly performance data showed particularly strong export earnings in May (US$1.17 billion), June (US$957.9 million), and April (US$897.6 million), making the second quarter of 2025, one of the most productive periods for the sector in recent years.
GoldBod attributed the success to its ongoing collaboration with the PMMC, which oversees the export certification process. The partnership has helped tighten oversight of small-scale gold exports and improve traceability across the value chain.
“This growth demonstrates that Ghana’s small-scale mining sector can be both profitable and sustainable when properly regulated,” a GoldBod spokesperson said.
The sharp rise in export earnings is expected to boost Ghana’s foreign reserves, ease pressure on the local currency, and support the country’s economic recovery efforts.
Analysts note that with consistent policy enforcement and digital monitoring systems, Ghana could soon rival its 2019 peak gold export revenues.
GoldBod reaffirmed its commitment to ensuring that small-scale mining remains an inclusive and responsible industry, providing jobs while protecting the environment and the country’s economic interests.
“Our goal is to build a transparent and globally competitive gold export framework that benefits the state, miners, and the broader economy,” the agency said in a statement.
The impressive results mark one of Ghana’s strongest performances in recent years and reinforce its position as one of Africa’s top gold producers.
