The Ghana Gold Board (GoldBod) has announced that gold exports for the first half of 2025 have exceeded $5 billion, surpassing the total export value of $4.6 billion recorded for the entire year of 2024.

Chief Executive Officer Sammy Gyamfi made the announcement at a press briefing in Accra, highlighting the milestone as a testament to the effectiveness of recent regulatory reforms and the formalization of the gold trade under the new Ghana Gold Board Act, 2025 (Act 1140).

“In all of 2024, we exported 66 tonnes of gold valued at $4.6 billion. As of June 2025, we've already surpassed that—crossing the $5 billion mark and exporting over 50 tonnes of gold. We are confident that by the end of July, we’ll reach the 60-tonne mark,” Gyamfi stated.

He attributed the record-breaking performance to improved compliance, strengthened regulatory oversight, and a more efficient licensing framework under the new Act.

Gyamfi emphasized the strategic role GoldBod is playing in supporting the national economy through increased foreign exchange inflows.

"This month alone, we've generated at least $900 million in forex for the Bank of Ghana. So if the Cedi remains strong and the central bank has adequate forex liquidity for market operations and government obligations, it's largely due to the reforms and work we're doing at GoldBod,” he said.

Effective today, July 1, 2025, all individuals and entities involved in gold trading must obtain a valid license from the Ghana Gold Board. Licenses previously issued by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources have been rendered void by the new legislation.

Any unlicensed gold trading activity from this date forward will be deemed illegal under the provisions of the GoldBod Act.