By Ashiadey Dotse
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that Ghana’s small-scale gold exports reached a historic high of 66.7 tons, valued at approximately $6.3 billion, between January and August 2025.
“Small-scale gold exports undertaken through the Gold Board, working closely with the Bank of Ghana, have hit a record high of 66.7 tons with an export value of approximately $6.3 billion. What this means is that the volume and value for January to August 2025 alone has already surpassed previous totals,” he disclosed.
Speaking at the Mining and Mineral Conversion Conference in Accra on Tuesday, September 9, 2025, Mr Gyamfi said the figure exceeded the total small-scale gold exports for the whole of 2024, which stood at 63 tons worth $4.6 billion.
He attributed the achievement to reforms introduced by the Ghana Gold Board in collaboration with the Bank of Ghana. These include strengthening oversight of the gold supply chain, introducing a transparent pricing system, scrapping the 1.5% withholding tax on unprocessed gold, and establishing a taskforce to combat illegal trading and smuggling.
Mr Gyamfi noted that the results reflect Ghana’s commitment, under the leadership of President John Dramani Mahama, to optimize the benefits of its natural resources for national development.
He added that the Gold Board has also begun local purchases of gold from large-scale mining companies, supplying part of it to the Bank of Ghana to boost the country’s reserves and support foreign exchange stability.
“These early successes underscore the strategic role of the Ghana Gold Board in strengthening Ghana’s economy and ensuring that our mineral wealth benefits the people,” he emphasized.
