Deputy Finance Minister Thomas Ampem Nyarko has revealed that the Gold Board purchased more than 135 metric tonnes of gold between January 2025 and May 2026, generating significant foreign exchange earnings and contributing to the strengthening of Ghana’s economy.
Speaking on the floor of Parliament, Mr Ampem Nyarko said the Gold Board acquired a total of 135.843 metric tonnes of gold during the period, with 135.221 metric tonnes sourced from the artisanal and small scale mining sector.
According to him, the Gold Board purchased, aggregated and exported 104 metric tonnes of gold from the artisanal and small scale mining sector in 2025 alone, generating more than $10 billion in revenue for the country.
“This singular achievement of the Gold Board was critical in appreciating the Ghana cedi by about 41 per cent against the U.S. dollar in 2025 and in increasing foreign reserves from about $8.98 billion in December 2024 to $13.8 billion by the end of December 2025.” - Deputy Finance Minister
Government Highlights New Gold Strategy
Mr Ampem Nyarko disclosed that the Gold Board spent approximately $16.1 billion on gold purchases between January 2025 and May 2026, with $9.8 billion of that amount expended in 2025.
He said the government’s broader objective is to transform the management of Ghana’s gold resources by eliminating inefficiencies and reducing smuggling.
“The government is deliberately shifting Ghana from a regime where gold wealth was dispersed, underpriced and smuggled,” he said.
According to the Deputy Minister, the current approach ensures that gold is “transparently aggregated, assayed, refined, exported, and turned into foreign exchange and reserves for the Republic.”
He added that the policy is delivering visible benefits through stronger foreign reserves, enhanced forex inflows and improved macroeconomic stability, reinforcing the Gold Board’s growing role in Ghana’s economic transformation.
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