The Ghana Gold Board (GoldBod) says it purchased 54 metric tonnes of gold from licensed small-scale miners during the first half of 2026.
GoldBod says the strong performance reflects continued growth in Ghana’s artisanal and small-scale mining sector. The agency believes current production levels could help the country surpass last year’s total output from the sector.
According to GoldBod, demand for gold from licensed small-scale miners remained high between January and June.
The agency says its purchases support the government’s efforts to formalize gold trading and improve oversight across the industry. Officials also expect the increased purchases to strengthen Ghana’s foreign exchange reserves.
Small-scale mining has become Ghana’s largest source of gold production. Industry officials say the sector now contributes a significant share of the country’s total gold exports.
GoldBod says stronger production has helped maintain steady gold supplies despite changes in global market conditions.
The government created GoldBod to improve the management of Ghana’s gold resources. The agency purchases gold from licensed miners before selling it through approved channels.
Officials say this approach will increase transparency, reduce smuggling and improve foreign exchange earnings. The government also expects the strategy to support local gold refining and add value to the mineral sector.
GoldBod says Ghana remains well positioned to record strong gold export earnings in 2026. Officials believe higher production could offset fluctuations in international gold prices.
The agency says continued collaboration with licensed miners will remain central to that effort.
The government has introduced several reforms to strengthen the mining sector. These measures aim to encourage responsible mining, improve regulation and expand legal gold trading.
Officials say the reforms also seek to maximize the economic benefits of Ghana’s mineral resources while supporting sustainable growth.
Source: Reuters.com
