GoldBod records significant rise in gold sales in 2025 – Sammy Gyamfi

In 2025, the Ghana Gold Board (GoldBod) experienced a notable surge in gold sales, highlighting a growing activity within the country's formal gold market, as reported by Sammy Gyamfi, the Chief Executive Officer of GoldBod. Speaking to JoyNews, Gyamfi emphasized that the increase in gold sales was among the key developments under his institution's purview as it took on a more prominent role in the nation's gold-trading sector.

He explained that the growth in gold sales was directly tied to GoldBod's initiatives aimed at formalizing the domestic gold trade and enhancing oversight of transactions within the sector. "We saw significant increase in gold sales in 2025," Gyamfi stated. According to him, the institution's expanded operations were instrumental in directing more gold trading activities into the formal economy, allowing the government to more effectively track transactions, identify market participants, and derive greater economic value from Ghana's gold resources.

GoldBod's new framework, which includes licensing, assaying, and receipting systems, is designed to bolster transparency in the sector. Transactions are now documented to provide greater visibility on the source and movement of gold, and GoldBod requires gold buyers to obtain licenses and undergo due diligence checks. Furthermore, the CEO mentioned that GoldBod recently acquired nearly two metric tonnes of gold to bolster the nation's reserves, underscoring the board's commitment to maximizing the value derived from the country's gold resources.

Gyamfi concluded by reiterating that GoldBod would persist in strengthening its systems and expanding its oversight of the gold market to ensure that heightened gold production and sales translate into greater economic benefits for Ghana.