Finance and Tax Analyst Nelson Cudjoe Kuagbedzi has urged gold dealers and the broader business community to take advantage of the recent surge in global gold prices.
Gold prices have climbed past $5,000 per ounce for the first time in history, continuing a strong upward trend after the precious metal gained more than 60% in 2025.
The development carries significant implications for major gold-producing countries, including Ghana, Africa’s leading gold producer.
Speaking in an interview with Citi Business News, Mr. Kuagbedzi called for increased gold exports to enable the country to fully benefit from the favourable price environment.
“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 said.
According to him, capitalising on the current gold price rally would help Ghana strengthen its external buffers, improve foreign exchange inflows, and support macroeconomic stability, particularly at a time when global financial conditions remain tight.
“This is the time to take advantage of the strong gold prices, generate windfall revenues, and strengthen our reserves. Gold prices were among the key factors that contributed to the stability of the Ghana cedi, which appreciated by over 41% in 2025,” Mr. Kuagbedzi noted.
He further stressed that a coordinated approach involving gold dealers, exporters, and relevant state institutions would be critical to maximising the benefits of the price surge, adding that efficiency in production and export processes would help boost earnings.
Mr. Kuagbedzi also encouraged the government to continue policies that support responsible gold mining and formalise small-scale operations, noting that improved regulation would help curb smuggling and ensure that more export proceeds pass through the formal banking system.
He maintained that sustained growth in gold exports, if properly managed, could help ease pressure on the cedi, enhance fiscal revenues and reinforce Ghana’s position as a leading gold producer on the continent.
