The Ministry of Finance has credited the Ghana Gold Board’s strong export performance in 2025 with helping to stabilize the economy, strengthen the cedi, and significantly increase the country’s foreign exchange reserves.
Speaking in Parliament on Wednesday, June 24, 2026, Deputy Minister of Finance Thomas Nyarko Ampem revealed that the Gold Board generated more than $10 billion from the export of artisanal and small-scale mining (ASM) gold during the year.
According to him, the agency purchased, aggregated and exported a total of 104 metric tonnes of gold from the ASM sector in 2025, creating a substantial inflow of foreign currency into the economy.
“Last year, 2025, the Gold Board cumulatively purchased, aggregated and exported ASM gold totaling 104 metric tons, which generated in excess of 10 billion United States dollars for the country,” he told Parliament.
Mr. Ampem noted that the foreign exchange earnings played a pivotal role in strengthening Ghana’s external position and supporting the appreciation of the local currency.
He explained that the cedi appreciated by about 41 percent against the U.S. dollar in 2025, while the country’s gross international reserves increased from approximately $8.98 billion at the end of 2024 to $13.8 billion by December 2025.
The Deputy Minister further disclosed that the Gold Board invested heavily in gold purchases to support the initiative, spending about $16.1 billion between January 2025 and May 2026.
Of that amount, he said, approximately $9.8 billion was used to acquire gold between January and December 2025 alone.
Mr. Ampem described the Gold Board initiative as part of a broader government strategy to maximise the value of Ghana’s mineral resources and reduce losses associated with informal trading and smuggling.
According to him, the current system ensures that gold produced by the artisanal and small-scale mining sector is properly aggregated, assessed, refined and exported through transparent channels, enabling the country to derive greater economic benefits.
He emphasized that the policy is transforming the management of Ghana’s gold resources by converting mineral wealth into foreign exchange earnings and reserve accumulation that directly support national development.
The Deputy Minister also revealed that the Gold Board purchased a total of 135.843 metric tonnes of gold during the period under review, with the majority sourced from artisanal and small-scale miners across the country.
The figures underscore the growing importance of the gold sector in Ghana’s economic recovery efforts and its contribution to exchange rate stability, reserve growth and broader macroeconomic management.
