The Ghana Gold Board (Goldbod) has significantly reached a $5 billion milestone in gold export for the first half of 2025 surpassing the total gold export revenue for the full 2024 calendar year.
The Chief Executive Officer of Goldbod, Sammy Gyamfi, made this revelation during a press briefing held organized, June 30th.
He observed that the achievement of his outfit highlights the significance of current legislative reforms and initiatives to formalize the gold market.
Goldbod is tasked with issuing licenses to individuals and groups seeking to participate in the precious minerals trade in Ghana.
He further indicated that the Board is committed to achieving a 60-tonne export target by July, emphasizing that the ongoing efforts to ensure adherence to the principles, rigorous monitoring, and streamlined license acquisition outlined in the Ghana Gold Board Act, 2025 (Act 1140) as essential for the realization of the stated objectives.
“The total amount of gold exported in 2024 was 66 tons, valued at $4.6 billion. After just six months, we have already surpassed the $4.6 billion mark. We have exceeded $5 billion, and we have completed 50 tons and more in terms of volumes. We anticipate reaching 60 tons by the end of next month,” he stated.
Sammy Gyamfi emphasized that the effects of these gains are already evident in the stabilization of the cedi and the growth of the economy. He also stated that the Board will continue to play its critical role in promoting macroeconomic stability and facilitating the influx of foreign currency.
“This month alone, we have generated not less than $900 million in foreign exchange for the Bank of Ghana.”
