The Ghana Gold Board (GoldBod) purchased 135.843 metric tonnes of gold between January 2025 and May 2026, generating significant foreign exchange earnings and contributing to the strengthening of Ghana’s economy, Deputy Finance Minister Thomas Nyarko Ampem has disclosed.
Speaking in Parliament on Wednesday, June 24, Mr Ampem said 135.221 metric tonnes of the gold purchased during the period were sourced from the artisanal and small-scale mining sector.
“From January 2025 to May 2026, the Gold Board purchased a total of 135.843 metric tonnes of gold, of which 135.221 metric tons were sourced from the artisanal and small scale mining sector,” he told the House.
According to the Deputy Minister, GoldBod purchased, aggregated and exported 104 metric tonnes of artisanal and small-scale mining gold in 2025 alone, generating more than $10 billion for the country.
Mr Ampem noted that the performance of the Gold Board played a major role in improving Ghana’s macroeconomic position, particularly through the appreciation of the cedi and the growth of foreign reserves.
“This singular achievement of the Gold Board was critical in the appreciation of the Ghana cedi by about 41 percent against the U.S. dollar in 2025, and increasing foreign reserves from about $8.98 billion in December 2024 to $13.8 billion by end of December 2025,” he stated.
He further disclosed that GoldBod spent approximately $16.1 billion on gold purchases between January 2025 and May 2026, with $9.8 billion of that amount spent during the 2025 calendar year.
“From January 2025 to May 2026, the Gold Board expended approximately $16.1 billion on the purchase of gold, of which $9.8 billion was used between January and December 2025,” he said.
Mr Ampem said the government’s broader objective is to transform the management of Ghana’s gold resources by reducing smuggling and ensuring that the country derives greater value from its mineral wealth.
“The bigger policy point is that government is deliberately shifting Ghana from a regime where gold wealth was dispersed, underpriced and smuggled through the Gold Board.
“We have a regime where gold is transparently aggregated, assayed, refined, exported and turned into foreign exchange and reserves for the Republic, with visible and tangible benefits for the entire country,” he added.
