By: 3 News

The report reveals that small-scale miners exported 81,719.23 kilograms of gold during the period, valued at US$8.06 billion. This represents a sharp rise from US$4.61 billion in 2024 and nearly four times the US$2.19 billion recorded in 2023, an indication of growth in both gold volume and value over the past three years.

GoldBod attributed the impressive performance to enhanced regulatory oversight, improved transparency, and strengthened collaboration between the Gold Board and PMMC in monitoring and validating small-scale gold exports. The agency noted that these reforms have drastically reduced smuggling and ensured that proceeds from gold sales are fully repatriated into the Ghanaian economy.

The data also points to a consistent upward trajectory throughout 2025, with particularly strong export figures recorded in April (US$897.6 million), May (US$1.17 billion), and June (US$957.9 million). The second quarter emerged as a standout period, driven by increased global gold prices and higher production volumes among compliant small-scale operators.

Meanwhile, industry analysts say the surge in export revenue provides a major boost to Ghana’s foreign reserves and supports the country’s macroeconomic recovery efforts under the ongoing IMF-supported reform programme.

The influx of foreign exchange from small-scale mining is expected to help stabilize the cedi and improve the nation’s balance of payments.

In a statement, GoldBod commended the efforts of small-scale miners for embracing responsible mining practices and contributing meaningfully to national development. It reaffirmed its commitment to strengthening its regulatory and monitoring framework to sustain the gains and further formalize the artisanal mining sector.

The agency also emphasized that with continued transparency, digital monitoring systems, and stricter compliance measures, Ghana’s small-scale mining industry could soon surpass its current export levels and maintain its position as one of Africa’s top gold producers.