Ghana has exceeded its 2025 small-scale gold export target, with the Ghana Minerals Commission reporting that more than 100 tons of gold have been exported this year, generating over US$10 billion in foreign exchange for the country.
The announcement was made by Sammy Gyamfi, CEO of the Ghana Gold Board, who described the achievement as “unprecedented” for the nation’s gold sector. The milestone underscores the pivotal role of small-scale mining in Ghana’s economy, not only in terms of mineral output but also in supporting foreign exchange earnings and broader economic stability.
Gyamfi noted that the robust performance reflects enhanced regulatory oversight, improved production efficiency among small-scale miners, and favorable global gold prices. He emphasized that the Gold Board has been working closely with artisanal and small-scale miners to formalize operations, ensure compliance with export standards, and streamline processes to maximize economic benefits for the country.
The strong performance of the small-scale gold sector comes amid broader efforts by the government to diversify Ghana’s economy while boosting revenue from natural resources. Analysts say that the inflow of over $10 billion in foreign exchange will bolster Ghana’s external reserves, support the cedi, and contribute to stabilizing the balance of payments.
Small-scale mining in Ghana is estimated to involve tens of thousands of miners, many in rural areas, making the sector a critical source of livelihoods as well as a contributor to national wealth. The CEO of the Gold Board affirmed that the institution will continue to prioritize formalization, sustainability, and transparency to maintain momentum and further enhance the sector’s contribution to the economy.
The surpassing of the 2025 export target sets a strong precedent for the next year, as Ghana positions itself to remain a leading gold exporter in Africa and globally.
