What You Need to Know
Ghana’s Gold Authority has surpassed its 2025 gold export target, achieving over $10 billion in foreign exchange earnings. This milestone supports external reserves and macroeconomic stability, reflecting the impact of enhanced regulatory oversight and strategic partnerships with small-scale miners.
Africa. The Gold Authority in Ghana has surpassed its 2025 gold export target, achieving over $10 billion in foreign exchange earnings.
The Gold Authority announced that it exceeded its set target for gold exports from the small-scale sector for 2025, which was 100 tons. This achievement provides strong support for external reserves and macroeconomic stability. The Executive Director of the Authority, Sami Jimfi, stated in a post on his official Facebook page that this development represents a “turning point” in the reform of gold trade and export in Ghana.
According to Jimfi, reaching the target ahead of schedule reflects the impact of stringent regulatory oversight and improved tracking systems, as well as strategic partnerships with small miners. He emphasized that the result highlights the effectiveness of the Authority’s mandate to regulate gold trade within the country.
Strong Financial Performance
Financial reports from the Authority during the second and third quarters of this year showed a comprehensive net income of 906.32 million Ghanaian cedis (approximately $82.73 million) between April and September 2025, reflecting a growing strength in its budget and enhancing its financial sustainability.
Analysts believe that the Authority’s upward performance since the beginning of the year reflects its success in integrating small miners into the formal economy through licensing mechanisms, compliance standards, and ensuring access to markets with fair prices. They also linked this improvement to the increasing international demand for Ghanaian gold, driven by growing confidence in the Authority’s regulatory framework and its commitment to transparency and ethical sourcing principles, which have enhanced Ghana’s competitiveness in the global market and contributed to reducing smuggling and leakages that previously undermined revenues.
Ghana has a rich history in gold mining, being one of the largest producers in Africa. The sector has undergone significant reforms aimed at increasing transparency and boosting revenues from small-scale mining operations. These reforms are crucial for the country’s economic development, as gold exports play a vital role in Ghana’s overall economic stability and growth.
In recent years, the Ghanaian government has implemented various measures to formalize the small-scale mining sector. These include regulatory frameworks that ensure compliance and fair pricing, which have helped integrate small miners into the formal economy.
