Ghana’s Gold Board (GoldBod) purchased a total of 135.843 metric tonnes of gold between January 2025 and May 2026, according to Deputy Finance Minister Thomas Nyarko Ampem. The achievement is being hailed as a major milestone in the government’s efforts to strengthen foreign exchange reserves and maximize value from the country’s mineral resources.
Speaking in Parliament, Mr. Ampem disclosed that 135.221 metric tonnes of the total gold purchased came from Ghana’s artisanal and small-scale mining sector, highlighting the growing contribution of local miners to the national economy.
According to the Deputy Minister, GoldBod purchased, aggregated, and exported 104 metric tonnes of artisanal and small-scale mining gold in 2025 alone, generating more than US$10 billion in foreign exchange earnings for the country.
Mr. Ampem noted that GoldBod’s performance played a significant role in strengthening Ghana’s macroeconomic position, helping to boost foreign reserves and support the appreciation of the Ghana cedi. He stated that the country’s reserves increased substantially during the period as a result of gold export revenues and improved resource management.
He further revealed that GoldBod spent approximately US$16.1 billion on gold purchases between January 2025 and May 2026, with about US$9.8 billion spent during the 2025 calendar year alone.
The Deputy Minister said the government’s broader objective is to transform Ghana’s gold sector by reducing smuggling, improving transparency, and ensuring that more benefits from the country’s mineral wealth remain within the national economy.
Industry analysts say the figures underscore the growing importance of GoldBod in Ghana’s economic strategy, particularly as authorities seek to leverage the country’s vast gold resources to support currency stability, industrial growth, and long-term economic development.
As GoldBod continues expanding its operations and refining partnerships, officials remain optimistic that the initiative will help position Ghana as a leading gold-processing and value-addition hub in Africa.
