Accra: The Ghana Gold Board (GoldBod) has announced its trajectory towards achieving the 60-tonne export milestone by the end of July 2025. This announcement was made during a press conference in Accra, where GoldBod's Chief Executive Officer, Mr. Sammy Gyamfi, provided updates on the current gold licensing regime.
According to Ghana News Agency, the anticipated achievement is attributed to enhanced compliance measures, improved oversight, and a more streamlined licensing process under the Ghana Gold Board Act, 2025 (Act 1140). Mr. Gyamfi expressed optimism, noting that the Board had already surpassed 50 tonnes, stating, "we are optimistic that by the end of next month, we will have hit 60 tonnes."
GoldBod has also reported a significant financial milestone, having exceeded the $5 billion mark in gold export value for the first half of 2025. This surpasses the total export value of $4.6 billion recorded for the entire year of 2024. In 2024, gold exports amounted to 66 tonnes, with an export value of $4.6 billion.
Mr. Gyamfi emphasized the strategic role of GoldBod in enhancing Ghana's foreign exchange inflows and supporting macroeconomic stability. He stated, "This month alone we have brought in not less than $900 million in forex for the Bank of Ghana, which contributes to a stable Cedi and sufficient forex liquidity for market and government obligations."
Furthermore, as part of enforcement efforts, President John Dramani Mahama is set to officially commission the Gold Board Task Force on July 8, 2025. This Task Force will have policing powers to combat gold smuggling, illegal trading, and price manipulation within the sector. The Task Force will collaborate with an intelligence network to monitor illegal gold trading and smuggling activities nationwide.
The CEO underscored that these operations aim to protect national revenue and ensure that Ghana maximizes the benefits derived from its mineral resources.
