GoldBod poised to surpass 2025 forex performance – Sammy Gyamfi

The Ghana Gold Board, known as GoldBod, anticipates that its foreign exchange earnings this year will surpass the ambitious US$10.8 billion target set for 2025, according to its CEO Sammy Gyamfi. Speaking to Parliament's Public Accounts Committee on Tuesday, October 13, 2026, Gyamfi revealed that the institution is on track to meet and possibly exceed its gold purchase and export goals for the year, as well as significantly surpass its foreign exchange generation targets for 2025.

Gyamfi emphasized that GoldBod's activities continue to fulfill its mandate of generating foreign exchange, bolstering national reserves, and regulating gold trading. He also highlighted the increasing trend of local refining, stating that between 80 and 90 percent of the gold purchased and exported by the Board undergoes refining processes within Ghana.

This shift not only creates employment opportunities for the youth, as the refineries operate round the clock, but also helps retain refining fees within the country's economy, preventing them from being sent abroad. Additionally, the recovered silver during the refining process is being kept in Ghana, which serves as a vital raw material for local fabrication and further enhances foreign exchange generation.

By retaining these by-products within the nation, GoldBod aims to stimulate domestic industrial activity and amplify the economic gains derived from Ghana's gold resources. Established to oversee and promote gold trading, particularly from the small-scale mining sector, GoldBod plays a pivotal role in maximizing the country's benefits from its gold assets.