GoldBod records strong Q3 performance as gold exports hit $5.1bn
The Ghana Gold Board (GoldBod) has posted one of its strongest quarterly performances yet, with gold exports for the third quarter of 2025 hitting a combined US$5.1 billion.
The figures are largely driven by both artisanal and large-scale mining operations which reinforce gold’s position as Ghana’s most reliable export earner and a critical buffer for external revenues.
According to the GoldBod’s published statutory report for July to September 2025, it generated GH¢691.14 million in total revenue.
After spending GH¢53.98 million during the quarter, the Board recorded a net comprehensive income of GH¢637.39 million.
It closed the period with GH¢1.12 billion in cash and bank balances – financial position that signals rising financial stability in its early operational years.
A major driver of revenue was work with the artisanal and small-scale mining (ASM) sector.
Assay services contributed GH¢244.73 million, while service charges from its gold-buying arrangement with the Bank of Ghana accounted for GH¢386.62 million.
GoldBod’s operational output was equally robust.
It purchased 26,153.98 kilograms of gold from ASM miners—valued at US$2.76 billion—as part of ongoing efforts to formalise and streamline the small-scale mining value chain.
In support of national reserves, the Board also procured 119.78 kilograms of gold from large-scale producers for the Bank of Ghana, worth US$11.82 million.
Gold exports maintained strong momentum through the quarter: 25,780.60kg exported by ASM operators amounting to US$2.71 billion.
24,911.21kg on the other hand was exported by large-scale mining firms to the tune of US$2.43 billion
These exports totalled US$5.1 billion, making gold the anchor of Ghana’s external trade earnings.
In addition to gold, the Board facilitated the export of 11,271.59 carats of diamonds, valued at US$4.19 million.
This strong third-quarter performance was generally marked by rising exports, revenue growth and strengthened reserve contributions and positions Ghana’s gold sector as a stabilising force for the broader economy amid persistent fiscal and external pressures.
