Data obtained by JoyNews Research from GoldBod through a Right to Information request shows that Ghana’s small scale gold exports in 2025 were overwhelmingly concentrated in just two markets. Of the 103,804 kilograms of small-scale gold exported through GoldBod in 2025, Dubai accounted for more than 72%, making it by far the dominant destination. India […]
IMANI Africa Vice President, Bright Simons, has warned that the Gold for Reserves programme’s structure is creating an uneven playing field that disadvantages private sector participants. Speaking on JoyNews’ Newsfile, the policy analyst revealed that independent, self-financed gold aggregators are raising serious complaints about their inability to compete with the state-designated apex aggregator, Bawa Rock […]
The First Deputy Governor of the Bank of Ghana (BoG) has revealed that the Domestic Gold Purchase Programme has helped BoG to increase its gold reserves by 100% within the past five months since June 2021. Dr. Zakari Mumuni noted that the sharp increase came at a time when the Bank of Ghana’s reserves stood […]
Former Finance Minister Dr. Mohammed Amin Adam has accused the Bank of Ghana (BoG) of printing money to pre-finance the newly established Ghana Gold Board (GoldBod). According to Dr. Amin Adam, this occurred because the government failed to raise sufficient revenue to honour budgeted allocations. Under the 2025 budget, the government allocated US$279 million to […]
Felix Kwakye Ofosu, the Minister for Government Communications, has announced a significant boost to the Ghanaian economy, revealing that more than US$3 billion has been funneled into the country within four months of the strategic Gold Board initiative. “In the last four months, over $3 billion has entered our economy in addition to the expected inflow,” […]
President John Mahama has disclosed that the establishment of the Ghana Gold Board (GoldBod) has sanitised the gold trading and export business, raking in $2.7 billion in the short span of its operations. He added that the GoldBod has also strengthened the oversight responsibility in the export of the precious mineral, ensuring that Ghana benefits […]
Ghana has reached a deal with nine more mining companies to purchase 20% of their gold production, a government body said on Wednesday, aiming to consolidate a gold purchase programme meant to boost the country’s gold reserves and stabilise its currency. Africa’s top gold producer signed an agreement with members of an industry group that included Gold […]
