File photo of gold bars
Deputy Finance Minister Thomas Nyarko Ampem has disclosed that the Ghana Gold Board (GoldBod) purchased a total of 135.843 metric tonnes of gold between January 2025 and May 2026, with the vast majority sourced from the artisanal and small-scale mining sector.
Speaking in Parliament on Wednesday, June 24, 2026, Ampem said 135.221 metric tonnes of the total gold purchased during the period came from licensed artisanal and small-scale miners, underscoring the sector's growing contribution to Ghana's gold industry.
According to him, the purchases form part of efforts to strengthen Ghana's foreign exchange reserves, formalise gold trading and maximise the country's benefits from its mineral resources.
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The Deputy Finance Minister noted that GoldBod has played a significant role in aggregating gold from the small-scale mining sector and supporting government initiatives aimed at enhancing transparency and value retention within the gold trade.
He explained that the increasing volume of gold purchases reflects growing participation by artisanal and small-scale miners in the formal market, following measures introduced to improve regulation and oversight of the sector.
Ampem indicated that the government's strategy is to leverage Ghana's gold resources to support economic stability, boost foreign exchange earnings and enhance the country's capacity to manage external economic shocks.
Gold remains Ghana's leading export commodity and a major source of foreign exchange earnings, with the small-scale mining sector accounting for a substantial share of national production.
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