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The Ghana Gold Board (GoldBod) has crossed a major milestone, recording over $5 billion in gold export value in just the first half of 2025 — a figure that surpasses the entire export value for 2024.
The announcement was made by GoldBod’s Chief Executive Officer, Sammy Gyamfi, during a press conference in Accra. He attributed the remarkable performance to sweeping reforms, improved compliance, and the successful implementation of the Ghana Gold Board Act, 2025 (Act 1140).
“In the whole of 2024, Ghana exported 66 tonnes of gold valued at $4.6 billion. But as of June 2025, we have already exceeded $5 billion and exported over 50 tonnes. We are confident of hitting 60 tonnes by the end of July,” Gyamfi stated.
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He described the surge as a clear endorsement of the Gold Board’s new regulatory framework, which centralises oversight, streamlines licensing, and formalises gold trading nationwide.
Gyamfi also highlighted GoldBod’s crucial role in boosting foreign exchange reserves, revealing that the Board had brought in $900 million in forex to the Bank of Ghana in June alone.
“If the cedi is stable and the Bank of Ghana is liquid enough to meet market and government demands, it is partly because of what GoldBod is doing,” he emphasised.
Effective July 1, 2025, any individual or entity engaged in gold trading without a valid licence from GoldBod is acting illegally.
According to the CEO, all previous licences issued by the defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources are now void under Act 1140.
The new licensing regime is expected to further enhance traceability, reduce illicit trade, and position Ghana as a gold trading hub with integrity and transparency.
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