a. For the first time in Ghana’s history, the ASM gold sector has outperformed the large-scale mining sector in terms of both the volume and value of gold exports. This is due to the good work done by the GoldBod in its first year of operation.

b. Total large scale gold exports for the year 2025 (as at December 24) stood at 96.6 tons (gross weight) worth $9.2 billion dollars (XRF), while total ASM gold exports stood at 103 tons (gross weight) worth $10.8 billion dollars (XRF).

Below are the volumes (gross weight) of small-scale gold exports and their export (XRF) values in the last seven (7) years:

d. This data shows clearly that, Ghana has not done better in ASM gold exports in 2025 only because of record-high global gold prices as claimed by some, but because, in addition to record-high gold prices, the GoldBod has been effective in mopping up unprecedented ASM gold volumes for the country.

This is an indisputable fact.

e. The data also shows that imposing discounts or taxes or deductions on local ASM gold purchases in pursuit of profit could be counter-productive, as occurred in 2021, when ASM gold export volumes declined from 39.3 tons ($2 billion) in 2020 to 3.4 tons (184 million) on account of a 3% withholdingtax on unprocessed gold.