Ghana’s small-scale gold mining sector has generated a remarkable $8.06 billion in foreign exchange for the country between January and 15th October 2025, according to new data released by the Ghana Gold Board (GoldBod) in collaboration with the Precious Minerals Marketing Company (PMMC). The report, titled Small-Scale Gold Exports by PMMC/GoldBod from January 2025 to...
Category: Business
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Goldbod Model Draws Interest as Mozambique Explores Gold Market Reforms
A high-level delegation from Mozambique’s Kimberly Process Management has concluded a two-day study visit to Ghana, seeking to learn from the country’s experience in regulating gold trading and certification. The Kimberly Process Management, operating under Mozambique’s Ministry of Mineral Resources and Energy, is responsible for ensuring the legality of rough diamonds, precious metals, and gemstones....
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Finance Minister Engages World Bank President to Deepen Support for Ghana’s Development Agenda
The Minister for Finance, Hon. Cassiel Ato Forson, has held a high-level meeting with the President of the World Bank Group, Mr. Ajay Banga, aimed at strengthening collaboration and accelerating Ghana’s development trajectory. The discussions focused on both ongoing World Bank–supported projects and new initiatives designed to fast-track Ghana’s economic transformation. The two leaders identified...
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Ghana secures crucial Moody’s Upgrade—Debt Cut fuels hope, but vigilance is essential
The upgrade by international ratings agency Moody’s of Ghana’s sovereign credit rating to Caa1 with a stable outlook signals a profound shift in the nation’s financial narrative. This move from Caa2, announced on Friday, October 10, 2025, acknowledges the courageous fiscal consolidation undertaken by the government under President John Mahama. The numbers speak volumes: a...
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Finance Minister Leads Delegation to IMF-World Bank Meetings Amid Economic Milestones
Ghana’s Minister for Finance, Dr Cassiel Ato Forson, is leading a top-tier government delegation to Washington, D.C., to participate in the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group. Scheduled from October 13 to Saturday, October 18, the high-level summit will convene finance ministers, central bank chiefs, development agencies,...
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Ghana Gold Board to Roll Out Track-and-Trace System in 2026
The Ghana Gold Board (GoldBod) has announced plans to introduce a track-and-trace system to ensure ethical and transparent sourcing of gold across the country. According to Chief Executive Officer Sammy Gyamfi, the initiative will take effect in the first quarter of 2026 and is designed to eliminate fraud while tracing every gram of gold produced...
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Government Spending Remains Below Target in First Seven Months of 2025
Public expenditure for the first seven months of 2025 was maintained under the projected ceiling, signaling stronger fiscal discipline and tighter control over spending. The Bank of Ghana’s September 2025 Monetary Policy Report revealed that total government outlays amounted to GH¢131.1 billion, representing 9.4 percent of GDP. This compares with a programmed target of GH¢152.6...
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Ghana Signs Bilateral Debt Restructuring Agreement with Spain
Ghana has signed a Bilateral Debt Restructuring Agreement with the Kingdom of Spain, marking yet another milestone in the country’s ongoing debt restructuring efforts. The agreement was signed on behalf of the Republic of Ghana by the Minister for Finance, Dr. Cassiel Ato Forson, while Spain was represented by its Ambassador to Ghana, H.E. Ángel...
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World Bank Upgrades Ghana’s 2025 Growth Outlook to 4.3%
The World Bank has revised Ghana’s 2025 economic growth forecast upward to 4.3 percent, from an earlier projection of 3.9 percent, reflecting renewed confidence in the country’s recovery path. The revision was announced in the October 2025 edition of Africa’s Pulse Report, released in Washington, D.C. The new forecast, however, remains just below the Government...
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GoldBod Taskforce Nabs American, Moroccan and Four Ghanaians Over Illegal Gold Trade
The Ghana Gold Board (GoldBod) Taskforce has arrested six individuals, including an American and a Moroccan national, for engaging in illegal gold trading without the requisite lincence. The suspects — Smart Philander, an American citizen; Nina Elfseky, a Moroccan; and four Ghanaians identified as Nana Yaw Sarpong Boateng, Sowa Elisha, Evans Arhin, and Arnold Otutey...