The Ghana Gold Board (GoldBod) has reported robust operational activity in the second quarter of 2025, reflecting significant growth in the country’s gold sector and increased participation from the Artisanal and Small-Scale Mining (ASM) segment.

According to the statutory body’s report, GoldBod purchased a total of 26,009.56 kilogrammes (780,437.60 oz) of gold from the ASM sector, valued at approximately US$2.62 billion.

The purchases injected substantial liquidity into the domestic market, supported formalisation, and enhanced traceability across ASM operations.

Gold exports during the quarter also recorded strong growth. ASM gold exports amounted to 30,361.64 kilogrammes (910,387.31 oz), valued at US$2.99 billion, surpassing the output from large-scale mining (LSM).

LSM exports totalled 24,961.33 kilogrammes (693,599.83 oz), valued at US$2.29 billion.

The growth in ASM gold exports indicates a structural shift in Ghana’s mineral economy, driven by rising global demand for ethical gold, improved formalisation, and better market access, the Board noted in the report.

GoldBod noted that while this expansion increases foreign exchange earnings and broadens sector participation, it also underscores the need for enhanced traceability and oversight. In response, the board is working closely with ASM miners, improving certification and digital tracking systems, and establishing market platforms to ensure fair pricing while protecting national revenue.

In addition to gold, GoldBod facilitated diamond exports totalling 73,548.92 carats, valued at US$2.40 million.

April 2025 accounted for the majority of exports, with declines recorded in May and June due to seasonal production patterns and market fluctuations.

Below is the entire report;