Small-scale gold exports hit $5 billion, outpacing large-scale mining for the first time in Ghana’s history
President John Dramani Mahama has lauded the significant achievements of the Gold Board since its interim establishment in January 2025, describing the progress as a major milestone in Ghana’s natural resource management.
Speaking during the inauguration of the Gold Board Taskforce in Accra, the President noted that by May 2025, the Board had overseen the export of 11 tons of gold valued at USD 1.1 billion. Cumulatively, small-scale mining exports reached 51.5 tons, generating approximately USD 5 billion—a 95% increase compared to the same period in 2024.
For the first time in Ghana’s history, exports from the small-scale sector have surpassed those of large-scale mining, underscoring the sector’s untapped potential when formalized.
“These inflows have boosted our foreign reserves, stabilized the cedi, and clearly demonstrated that when properly regulated, small-scale miners can become a powerful engine for inclusive national economic growth,” President Mahama stated.
