The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has announced that the institution generated US$11.6 billion from the export of 85.4 tonnes of artisanal and small-scale mining (ASM) gold between January 1 and October 20, 2026.
Speaking at the 2026 Mining in Motion Forum, Mr. Gyamfi said the achievement reflects the impact of ongoing reforms aimed at strengthening Ghana’s gold sector, enhancing value addition and boosting foreign exchange earnings.
He disclosed that GoldBod’s interventions have also created 4,866 direct jobs, comprising 361 positions in the public sector and 4,505 jobs in the private sector, contributing significantly to employment generation within the mining value chain.
According to the CEO, local gold refining capacity has recorded substantial growth, with domestic refineries processing 5.4 tonnes of gold in October 2026, representing about 95 per cent of the 5.7 tonnes purchased and exported during the month.
Mr. Gyamfi said the development aligns with GoldBod’s strategy of promoting local value addition and reducing the export of unrefined gold.
As part of efforts to deepen reforms in the artisanal and small-scale mining sector, he announced plans to launch an ASM Formalization and Financing Support Programme in 2027. The initiative will be implemented in partnership with key stakeholders, including the Ministry of Lands and Natural Resources, the University of Mines and Technology (UMaT), the Minerals Income Investment Fund (MIIF) and Rand Refinery of South Africa.
The programme is expected to support responsible mining practices, improve access to financing and enhance productivity among small-scale miners.
Mr. Gyamfi further revealed that GoldBod is set to introduce a blockchain-based gold traceability system before the end of November 2026 to strengthen transparency, accountability and traceability across Ghana’s gold value chain.
He said the digital system would help track the movement of gold from source to export, reinforce regulatory compliance and increase investor confidence in Ghana’s gold industry.
The measures, he noted, form part of broader efforts to position Ghana as a leading hub for responsible gold production, refining and trade in Africa while maximizing the economic benefits of the country’s mineral resources.