GoldBod targets to surpass 2025 gold exports, boost forex earnings
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says the institution is on course to meet or exceed its 2025 gold purchase and export targets while significantly increasing foreign exchange earnings. He said the Board was making progress in fulfilling its mandate to generate foreign exchange, strengthen Ghana’s national reserves and […]
The Ghana Gold Board (GoldBod) CEO, Sammy Gyamfi, revealed that the institution is on track to meet or surpass its gold purchase and export targets for 2025, while significantly boosting foreign exchange earnings. Speaking before Parliament’s Public Accounts Committee on Tuesday, October 13, 2026, Gyamfi highlighted the Board's efforts to generate value from Ghana's gold resources by ensuring a larger proportion of purchased gold is refined domestically before export.
With 80 to 90 percent of the gold purchased and exported by GoldBod now being refined locally, Gyamfi stated that this shift from previous practices of exporting unrefined gold has resulted in increased foreign exchange generation, creating jobs and retaining refining fees within the Ghanaian economy. The refineries operate around the clock, providing employment opportunities for Ghanaians and contributing to the country’s economic activity.
Additionally, the retention of silver and other valuable by-products generated during the refining process has further strengthened local industrial activity and maximized the economic benefits derived from Ghana's mineral resources.
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