Finance and tax analyst Nelson Cudjoe Kuagbedzi has highlighted the potential for Ghana to capitalise on the historic surge in global gold prices, which recently crossed the $5,000 per ounce mark for the first time.
Speaking to Citi Business News, Mr Kuagbedzi urged gold dealers, exporters, and policymakers to leverage the rally—following a more than 60% gain in 2025—to strengthen Ghana’s foreign reserves, improve foreign exchange inflows, and support macroeconomic stability.
“The surge in gold prices is good for us as a country. We ended 2025 with gross international reserves of about $13 billion, providing more than four months of import cover,” he noted, adding that the price rally played a key role in the appreciation of the Ghana cedi, which rose by over 41% last year.
Mr Kuagbedzi called for coordinated action among gold dealers, exporters, and state institutions to ensure efficiency in production and exports, thereby maximising earnings and generating windfall revenues.
He also recommended that the government continue supporting responsible gold mining and formalising small-scale operations. “Improved regulation will help curb smuggling and ensure that more export proceeds pass through the formal banking system,” he said.
According to the analyst, effectively harnessing the current gold price boom could reinforce Ghana’s fiscal revenues, ease pressure on the cedi, and consolidate the country’s position as Africa’s leading gold producer.
“This is the time to capitalise on strong gold prices to build external buffers and sustain economic stability,” he concluded, urging stakeholders to act decisively to translate favourable market conditions into tangible national benefits.
