By: Magdalene Andoh
Ghana has earned an impressive $8 billion in foreign exchange from small-scale gold exports between January and October 15, 2025, according to data jointly released by the Precious Minerals Marketing Company (PMMC) and the Ghana Gold Board (GoldBod).
The achievement underscores the critical contribution of Ghana’s small-scale mining sector to the national economy, reflecting strengthened oversight, improved certification processes, and enhanced transparency in gold trading.
Officials from PMMC and GoldBod attributed the milestone to ongoing reforms in the gold export value chain — including the introduction of digital traceability systems, tighter licensing enforcement, and partnerships with international refineries to ensure compliance with global standards.
The $8 billion revenue marks a significant boost to Ghana’s foreign exchange reserves and reinforces the government’s commitment to formalizing the small-scale mining sector while curbing illegal gold trading and smuggling.
Ghana remains one of Africa’s top gold producers, with small-scale miners contributing a substantial share of total annual gold exports.
