The Ghana Gold Board (GoldBod) has announced strong operational gains for the third quarter of 2025, recording impressive performance across gold aggregation, exports, reserve contributions, and licensing compliance—solidifying its role in the country’s mineral governance framework.
In its statutory Q3 report, GoldBod revealed that 26,153.98 kilogrammes of gold—valued at approximately US$2.76 billion—was aggregated from the Artisanal and Small-Scale Mining (ASM) sector. The Board noted that the steady rise in ASM production reflects improved formalisation and strengthened regulatory oversight over small-scale mining operations nationwide.
GoldBod also confirmed the acquisition of 119.78 kilogrammes of gold from large-scale mining companies for the Bank of Ghana’s reserves, worth an estimated US$11.82 million. The move forms part of government’s broader strategy to boost the country’s gold-backed reserves and enhance macroeconomic stability.
On export performance, the Board reported robust output from both ASM and large-scale miners for the period under review:
• ASM exports: 25,780.60kg valued at US$2.71 billion
• LSM exports: 24,911.21kg valued at US$2.43 billion
This brings total export value for the quarter to more than US$5.4 billion, underscoring the mining sector’s sustained contribution to foreign exchange inflows and national revenue.
The report further highlighted significant progress under the newly introduced tiered licensing system aimed at enhancing compliance and sanitising the gold trade. A total of 577 licences were issued between July and September 2025, comprising:
• 432 Tier 2 licences
• 123 Tier 1 licences
• 22 self-financed aggregator licences
GoldBod also recorded two licence suspensions and several revocations for non-compliance, signalling what it says is a renewed commitment to enforcement and sector transparency.
Chief Executive Officer of the Board, Sammy Gyamfi, praised the institution’s performance, noting that the quarter was marked by “steady progress in regulatory enforcement, gold aggregation and export, licensing and compliance, and inter-agency collaboration aimed at formalising Ghana’s gold value chain.”
He added that the GoldBod’s results reflect “growing institutional maturity and alignment with the objectives of the Ghana Gold Board Act, 2025 (Act 1140), which mandates it to regulate, promote, and ensure transparency in the purchase, assay, and export of gold and other precious minerals.”
The Board is expected to release additional updates as it moves into the last quarter of its operational year.
