The Ghana GoldBod has reported significant progress in its operations for the third quarter of 2025, with notable achievements across gold aggregation, export performance, reserve accumulation, and licensing compliance in the country’s mining sector.
In its latest statutory quarterly report, the GoldBod disclosed that a total of 26,153.98 kilogrammes of gold, valued at approximately US$2.76 billion, was aggregated from the Artisanal and Small-Scale Mining (ASM) sector.
The institution noted that this continued growth reflects improving formalisation and tighter oversight of small-scale mining activities.
The GoldBod further announced the successful acquisition of 119.78 kilogrammes of gold from large-scale mining (LSM) companies for the Bank of Ghana’s reserves, estimated at US$11.82 million.
This forms part of the government’s broader strategy to strengthen Ghana’s gold-backed reserves and enhance the stability of the national economy.
On export performance, the GoldBod reported robust figures across both ASM and LSM categories.
- ASM exports for the period stood at 25,780.60 kilogrammes, valued at US$2.71 billion.
- LSM exports accounted for 24,911.21 kilogrammes, valued at US$2.43 billion.
According to the GoldBod, these figures underscore the mining sector’s continued contribution to national revenue and foreign exchange inflows.
The report also highlighted progress under the new tiered licensing regime, aimed at enhancing compliance and streamlining operations in the gold trade.
A total of 577 licences were processed and issued during the period. These included:
- Tier 2 licences – 432
- Tier 1 licences – 123
- Self-financed aggregators – 22
Additionally, two suspensions were recorded, while several licences were revoked due to non-compliance, reinforcing the GoldBod’s commitment to sanitising the sector.
According to the Chief Executive Officer of the Board, Sammy Gyamfi, “The Ghana Gold Board continued to demonstrate strong institutional performance and sectoral leadership during the third quarter of its operational year (July–September 2025). The period was marked by steady progress in regulatory enforcement, gold aggregation and export, licensing and compliance, and inter-agency collaboration aimed at formalizing Ghana’s gold value chain,” stated in the report.
“The GoldBod’s operational and financial performance reflects its growing institutional maturity and alignment with the objectives of the Ghana Gold Board Act, 2025 (Act 1140), which mandates it to regulate, promote, and ensure transparency in the purchase, assay, and export of gold and other precious minerals,” Sammy Gyamfi added.
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