Deputy Finance Minister Thomas Nyarko Ampem has credited the Ghana Gold Board (GoldBod) with playing a significant role in curbing gold smuggling and increasing the country’s foreign exchange earnings through strategic gold purchases and exports.
According to the Deputy Minister, GoldBod purchased 135.8 metric tonnes of gold between January 2025 and May 2026, with the bulk of the acquisitions coming from Ghana’s Artisanal and Small-scale Mining sector.
Mr. Ampem explained that the government has implemented deliberate policies to ensure that the country’s gold resources translate into tangible economic benefits, stressing that gold purchases must strengthen Ghana’s balance sheet, increase foreign reserves, and enhance economic sovereignty.
He disclosed that GoldBod spent approximately US$16.1 billion on gold purchases during the period under review, including US$9.8 billion in 2025 alone.
The Deputy Finance Minister further revealed that GoldBod exported 104 metric tonnes of gold in 2025, generating more than US$10 billion in revenue.
According to him, the substantial inflows from gold exports have contributed significantly to the appreciation and stability of the Ghana cedi while strengthening the country’s external reserves.
Mr. Ampem noted that the government’s gold accumulation and export strategy forms part of broader efforts to maximise value from Ghana’s mineral resources, improve foreign exchange liquidity, and support long-term economic growth.
