Ghana’s gold export sector has witnessed a historic boom, with newly released data from the Ghana Gold Board (Goldbod) revealing a dramatic surge in gold exports from January 2023 to April 2025.
This unprecedented growth is being hailed as a key driver behind the country’s swelling foreign exchange reserves, with the opposition National Democratic Congress (NDC) under former President John Dramani Mahama receiving widespread credit for the economic turnaround.
According to Goldbod’s latest figures, gold exports shot up from 37,454 kg in 2023 to an astonishing 63,647 kg in 2024, representing an increase of nearly 70%. In monetary terms, the value of gold exports surged from $2.19 billion in 2023 to a massive $4.61 billion in 2024. The upward trajectory has continued into 2025, with just the first four months already recording 30,479 kg in exports valued at $2.73 billion, suggesting another record-breaking year if the trend holds.
The monthly data further illustrates this meteoric rise. For instance, in April 2023, gold exports were a modest 716.96 kg, valued at $42.4 million. Fast-forward to April 2025, and the figures ballooned to 9,295 kg and $897 million, respectively—more than a tenfold increase in weight and a 20x jump in value.
Observers are linking this exponential growth to strategic policy reforms and intensified gold production and export oversight implemented during the NDC’s recent tenure. Enhanced regulatory frameworks, digitized assay processes, and incentivized local mining initiatives have been credited with unlocking vast potential within Ghana’s gold sector.
Economists say this surge has had an immediate impact on Ghana’s economic health, particularly in shoring up the Cedi. “With such robust gold exports, the Bank of Ghana now has significant forex buffers,” noted financial analyst Naa Ayele Mensah. “This gives the country much-needed breathing room in managing external debt obligations and stabilizing the currency.”
On social media, the data has sparked a wave of political commentary, with hashtags like #CediReigns and #AbanPapaAba trending as citizens and analysts alike applaud the revival of Ghana’s most valuable natural resource.
As Ghana continues to position itself as a continental leader in gold production, the current figures underscore a newfound momentum. Should the trend persist, 2025 may close as Ghana’s most successful year yet in gold export history — a testament to the transformative power of sound policy and strategic leadership.
By: Emmanuel Asare – Awake News.
