President John Dramani Mahama says Ghana exported 11 tons of gold in May alone, valued at around USD 1.1 billion, contributing to a total of 51.5 tons of gold exports from the small-scale mining sector between January and May 2025.
According to President Mahama, Ghana exported 11 tons of gold in May alone, valued at approximately USD 1.1 billion.
From January to May 2025, total exports from the small-scale mining sector reached 51.5 tons, generating nearly USD 5 billion in revenue for the country.
“This would’ve been money that wouldn’t have come back to Ghana because traders would’ve taken it freely out of the country and kept the foreign exchange reserves outside,” President Mahama stated.
He explained that the influx of revenue has had a significant economic impact. “Approximately from January, we have exported 51.5 tons which is valued at approximately USD 5 billion so USD 5 billion has come into the bank of Ghana,” he noted.
The president revealed that the 2025 export figures represent a 95% increase compared to the same period in 2024, marking the first time in Ghana’s history that small-scale mining exports have surpassed those of the large-scale mining sector.
“It has stabilised the local currency,” President Mahama added, attributing the relative strength of the Ghana cedi partly to the improved performance of the small-scale gold industry.
The reforms under the Ghana GoldBod initiative, according to the president, aim to ensure that Ghana derives maximum benefit from its natural resources while tightening controls to curb smuggling and illicit trade in gold.
