Ghana’s gold industry has made great strides since the GoldBod’s founding, according to Sammy Gyamfi, the organization’s CEO, who credits the success to audacious changes and focused interventions.
Sammy Gyamfi said in a statement that a number of strategic actions have already started to produce historic gold export outcomes. They consist of:
• initiated aggressive licensing reforms to promote responsible sourcing of gold
and other precious minerals.
• strengthened regulatory controls and oversight over the gold supply chain.
• introduced a transparent and competitive pricing system for licensed miners and
licensed gold buyers.
• deployed robust aggregation systems to effectively mop up gold from all mining
regions and districts of the country.
• removed major incentives for gold smuggling such as the scrapping of the 1.5%
withholding tax on unprocessed small-scale gold, and
• intensified the fight against illegal gold trading and smuggling through the
establishment of the GoldBod Taskforce, with reward for whistleblowers.
Sammy Gyamfi claims that as a result of these actions, gold shipments have reached all-time highs in terms of both volume and value. Small-scale gold exports totaling 66.7 tonnes, valued at an estimated $6 billion USD, were organized by the GoldBod in partnership with the Bank of Ghana between January and August 2025.
This exceeds the total amount of gold exported on a modest scale in 2024, which was $4.6 billion USD and 63 tons.
It’s important to note that during the first eight months of 2025, small-scale gold exports have surpassed those from the large-scale mining industry, which produced 65.1 tons of gold worth $5.6 billion USD during that time.
Growing trust in the structured small-scale mining industry, which has historically been unregulated and vulnerable to smuggling, is shown by the CEO’s update.
