GoldBod is responsible for regulating gold trading and purchasing
The Ghana Gold Board (GoldBod) has exported 88 tonnes of gold from the country's artisanal and small-scale mining sector, valued at approximately US$12 billion, in 2026.
Finance Minister Dr Cassiel Ato Forson disclosed this while presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.
According to the minister, Ghana's large-scale mining sector also exported 80.64 tonnes of gold, valued at US$10.23 billion, during the period.
“Since January 2026, GoldBod has exported 88 tonnes of small-scale gold, valued at US$12 billion, compared with 80.64 tonnes, valued at US$10.23 billion, from the large-scale sector. These earnings are increasing foreign exchange supply, building reserves and supporting the stability of the cedi,” he stated.
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The figures bring total gold exports from both sectors to 168.64 tonnes, generating approximately US$22.23 billion in revenue.
Dr Ato Forson said earnings from gold exports had increased the supply of foreign exchange, strengthened Ghana's international reserves and supported the stability of the cedi.
The minister also disclosed that the cost of generating foreign exchange and building international reserves had declined from 16% in 2025 to 5% in 2026.
To further reduce this cost, the government plans to introduce a 3% discount on gold purchases from small-scale miners in 2027.
The proposed measure, which will be implemented in consultation with industry stakeholders, is expected to reduce the cost of generating foreign exchange and accumulating international reserves to 2%.
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GoldBod is responsible for regulating gold trading and purchasing and exporting gold from Ghana's small-scale mining sector.
The proposed discount comes as the government seeks to reduce the cost of its gold purchasing programme while increasing the country's international reserves.
DR/MA
Dr Cassiel Ato Forson presents the 2027 Budget Statement and Economic Policy
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