Ghana’s small-scale gold mining sector has generated over US$8 billion in foreign exchange between January and mid-October 2025, according to new data from the Ghana Gold Board (GoldBod) and the Precious Minerals Marketing Company (PMMC).
GoldBod reports that 81,719.23 kilograms of gold were exported during the period, valued at US$8.06 billion a sharp rise from US$4.61 billion in 2024 and nearly four times the US$2.19 billion recorded in 2023.
The figures reveal a steady upward trend in both export volume and revenue over the past three years, reflecting stronger regulation, improved transparency, and greater compliance across the small-scale mining industry.
Monthly earnings peaked in the second quarter, with standout performances in May (US$1.17 billion), June (US$957.9 million), and April (US$897.6 million).
GoldBod credits the sector’s growth to its ongoing collaboration with PMMC and enhanced oversight of gold exports a strategy that has helped curb illegal trade and ensure that export proceeds are properly returned to Ghana’s economy.
The surge in earnings is expected to strengthen Ghana’s foreign reserves and contribute to the country’s broader economic recovery.
Author: Jasmine Adjei
Development journalist
