By Morkporkpor Anku
Accra, April 30, GNA – The Ghana Gold Board (GoldBod) recorded strong revenue growth in 2025 while reducing expenditure, despite an expanded mandate and workforce.
This was disclosed in the Board’s audited financial statements for the year ended December 31, 2025.
The Board’s non-tax revenue rose from GH¢307.7 million in 2024 to GH¢970.8 million in 2025, representing an increase of more than 300 per cent in internally generated income within its first full year of operations.
Total expenditure declined to GH¢109.4 million in 2025 from GH¢129.7 million in 2024, reflecting cost containment measures even as operational responsibilities widened.
The report said the transition from the defunct Precious Minerals Marketing Company (PMMC) to GoldBod resulted in expanded operational scope, including regulatory oversight and workforce growth.
Staff strength increased from 114 in 2024 to 450 in 2025 to support gold aggregation, licensing, assay services, inspections, anti-smuggling enforcement and export coordination.
“Despite the more than 290 per cent increase in staff strength, the Board maintained lower expenditure compared with the previous year,” the statement said, noting this reflected institutional discipline and improved efficiency.
Officials attributed the performance to tighter expenditure controls, strategic resource allocation and a focus on operational efficiency.
The Board recorded an operational surplus of GH¢909.7 million from core non-tax activities.
This excludes the GH¢4.55 billion government subvention provided as revolving trade capital for gold purchases, which was maintained.
The report said the Board’s performance in its first year of operation demonstrated progress in implementing reforms, with improved revenue mobilisation, cost management and a strong operational surplus.
GNA
30 April 2026
Reporter: Morkporkpor Anku
Edited by Kenneth Sackey