Sammy Gyamfi, GoldBod CEO
The Ghana Gold Board (GoldBod) has surpassed its 2025 small-scale gold export target of 100 tons, generating over US$10 billion in foreign exchange for the country.
The milestone comes as part of a broader effort to formalise the small-scale gold sector and support Ghana’s macroeconomic stability.
Since January 2025, the Bank of Ghana has provided US$10 billion in foreign exchange support to the economy, facilitating payments to Independent Power Producers, bondholders, and dividends, while strengthening debt management and restoring investor confidence.
A significant portion of this foreign exchange inflow has been sourced from GoldBod’s disciplined gold purchasing programme.
Established to reform the small-scale gold sector, GoldBod has created a transparent national gold-purchasing mechanism, reduced illicit gold outflows, and ensured that a greater share of the country’s gold value remains within the economy. By supplying gold to the Bank of Ghana, the institution has enabled predictable and accountable forex inflows, which have underpinned the central bank’s market interventions and reserve-building efforts.
Before GoldBod’s creation, much of Ghana’s small-scale gold was exported through informal channels, depriving the nation of critical foreign exchange and weakening its ability to stabilise the cedi.
Through its formalised operations, transparent pricing, and structured engagement with miners and aggregators, GoldBod has become a strategic partner in strengthening Ghana’s financial resilience.
Looking ahead, GoldBod plans to scale up its purchasing operations, deepen partnerships across the mining value chain, and continue supporting the Bank of Ghana’s medium-term reserve targets, ensuring sustained macroeconomic stability and long-term economic growth.
