Audio By Carbonatix
An entrepreneur and finance and economic policy analyst, Senyo K. Hosi, says Ghana has made significant progress in reducing gold smuggling and optimising official exports following the establishment of the Gold Board (GOLDBOD).
He notes that Ghana’s ASM gold export volumes rose from 63.6 metric tonnes in 2024 to about 101 metric tonnes by December 2025, attributing the increase largely to improved accounting and reduced illicit trade.
“We were losing nearly a third of our gold output through smuggling,” Hosi states.
According to him, the pricing strategy adopted by GOLDBOD—offering miners prices close to international market rates—was critical in displacing entrenched foreign buyers and discouraging illegal exports.
Hosi stresses that the gains recorded are structural rather than temporary. “This is not just higher production; it is better capture of national value,” he says.
He adds that the resulting surge in official export receipts has strengthened Ghana’s foreign exchange position and improved overall macroeconomic stability.
Latest Stories
-
‘Life Is Short’ gospel music hitmaker Bernice Offei dies at 63
30 minutes -
Ghana’s economy has moved from standing on broomsticks to concrete pillars – Mahama
42 minutes -
Systemic vulnerabilities within banking industry remain broadly subdued- BoG
44 minutes -
Ghana, Côte d’Ivoire’s export sectors face heightened risks due to El l Niño – Fitch Solutions
57 minutes -
Norway’s Princess Astrid dies two days after attending brother King Harald’s funeral
1 hour -
NCA awards 700MHz spectrum to MTN Ghana for US$109.9m
1 hour -
Saudi Arabia shuts key oil pipeline after drone attack launched from Iraq
1 hour -
Passenger train derails in France leaving at least 44 injured
1 hour -
Ukraine faces ‘toughest winter’ since Russia’s full-scale invasion, UN official tells BBC
1 hour -
Close race in Sweden as hard right eyes role in government
1 hour -
Adutwum’s spokesperson challenges Haruna’s claim he inherited current CSSPS
1 hour -
ECG’s problems are about management, not ordinary workers – TUC
2 hours -
Don’t wait for the floods to recede before going green – Prof Naana Jane
2 hours -
Big Chef Season 5: Final 10 face Omo Tuo Challenge
2 hours -
We won’t be at war with President Mahama; we need to sit up – GFA Communications Director
2 hours