Chief Executive Officer of the Ghana Gold Board (GoldBod), Lawyer Sammy Gyamfi, has disclosed that the gold sector generated more than US$13 billion in 2026, surpassing the US$10.8 billion recorded in the whole of 2025,
The figures, he said, highlight the growing contribution of gold to Ghana’s economy and foreign exchange earnings, noting that the year had not yet ended.
Mr Gyamfi disclosed this at the Accra edition of the Loveworld Trade and Investment Forum (LTIF), held under the theme, “Build The Future Through Production, Trade, Trust and Innovation.”
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According to him, reforms introduced through GoldBod had strengthened Ghana’s control over gold trading and helped formalise the management and commercialisation of the country’s mineral resources.
He said the reforms were intended to curb gold smuggling, strengthen compliance with official trading requirements and ensure that more revenue from the sector accrued to the state.
“We have brought to an end that culture where a few selfish individuals were buying our gold without caring how it was mined, not exporting through formal channels, smuggling gold outside the country, thereby depriving the nation of much-needed revenue and foreign exchange,” he said.
Mr Gyamfi argued that formalising the gold trading sector and enforcing compliance with the Ghana Gold Board Act had helped position gold as a major contributor to Ghana’s foreign exchange stability and economic growth.
He said the government’s objective is not simply to increase gold revenue but also to ensure that the country obtains greater economic benefits from its natural resources.
The GoldBod CEO also encouraged young people to explore opportunities emerging from the formalised gold trading sector, saying there are avenues for participation without necessarily requiring substantial start-up capital.
He urged participants at the forum to take advantage of opportunities within the sector as Ghana sought to strengthen local participation in gold trading and improve the management of its mineral wealth.
The event was convened by Loveworld Commerce Minister Madam Stephanie Oforka and held at the Ohene Konadu Auditorium of the University of Professional Studies, Accra (UPSA).
The forum brought together participants to discuss production, trade, investment, trust and innovation as drivers of economic development.
Mr Gyamfi’s disclosure places the gold sector’s reported earnings in the spotlight as Ghana continues efforts to formalise gold trading, improve foreign exchange inflows and maximise returns from its natural resources.