By Morkporkpor Anku
Accra, July 1, GNA – The Ghana Gold Board (GoldBod) says it on track to hit the 60-tonne export mark by the end of July 2025.
The Board said this was driven by stronger compliance, improved oversight, and the streamlined licensing regime under the Ghana Gold Board Act, 2025 (Act 1140).
Mr Sammy Gyamfi, Chief Executive Officer of GoldBod, made this known at a press conference to update the media and the public on the current gold licensing regime in Accra.
He said the Board had done 50 tonmes and over, and “we are optimistic that by the end of next month, we will have hit 60 tonnes.”
Meanwhile, the GoldBod has crossed the $5 billion mark in gold export value for the first half of 2025, surpassing the $4.6 billion recorded for the entire year of 2024.
He said in the whole of 2024, gold exports stood at 66 tons with an export value of $4.6 billion.
“We have done only six months, and yet we have crossed the $4.6 billion. We will go beyond $5 billion, and in terms of volumes, we have done 50 tonnes and over, and we are optimistic that by the end of next month, we will have hit 60 tons,” he added.
He said the Board remains committed to playing a strategic role in boosting foreign exchange inflows and supporting macroeconomic stability.
“This month alone we have brought in not less than $900 million in forex for the Bank of Ghana and so if the Bank of Ghana has enough forex liquidity for the market and for government obligations and the Cedi is strong and stable it is because of some of these things the Goldbod is doing,” he said.
He said as part of enforcement efforts, President John Dramani Mahama, would officially commission the Gold Board Task Force on July 8, 2025.
The Task Force, to be inaugurated will possess the same powers as police officers, with a mandate to clamp down on gold smuggling, illegal trading, and price manipulation in the sector.
“This specialised security unit will work in collaboration with an intelligence network already deployed nationwide to track the activities of illegal gold traders and smugglers,” he said
The CEO said their operations would help safeguard national revenue and ensure Ghana derives maximum benefits from its mineral resources.
GNA
Edited by Samuel Osei- Frempong