The Ghana Gold Board (GoldBod) has reaffirmed the immense value of the country’s Artisanal and Small-Scale Mining (ASM) sector to the national economy, with new figures underscoring its pivotal role in foreign exchange earnings and reserve stability.
According to Deputy Minister for Finance, Thomas Nyarko Ampem, GoldBod purchased a total of 135.843 tonnes of gold between January 2025 and May 2026. Remarkably, more than 135.221 tonnes — about 98 percent — came from the ASM sector, highlighting the sector’s dominance in Ghana’s gold trade.
In 2025 alone, GoldBod aggregated and exported 104 tonnes of ASM gold, generating over US$10 billion in foreign exchange earnings. Officials say this contribution significantly strengthened Ghana’s reserves and supported currency stability during a period of global economic uncertainty.
Mr. Ampem emphasized that the ASM sector, once considered informal and under-regulated, has become a cornerstone of Ghana’s mineral economy through GoldBod’s structured aggregation and export framework. He noted that the Board’s efforts have not only boosted fiscal resilience but also demonstrated the potential of ASM to drive inclusive growth and national development.
GoldBod’s performance aligns with government’s broader agenda to formalize artisanal mining, curb smuggling, and ensure that Ghana’s mineral wealth translates into tangible economic benefits.
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