In a significant boost to the state’s domestic mineral retention strategy, the Damang Gold Mine has successfully traded its second consecutive haul of refined bullion to the Ghana Gold Board (GoldBod), representing 100 per cent of its total operational output. …
… The GoldBod initiative – a programme to centralise gold purchasing and ensure that Ghana’s mineral wealth returned to Ghana rather than leaking abroad – exceeded every target it set. …
… Export receipts reached US$31.11 billion, supported mainly by gold exports, which generated US$20.98 billion after more than doubling due to higher global prices, increased volumes and reforms linked to the Ghana Gold Board. …
… The GoldBod initiative – a programme to centralise gold purchasing and ensure that Ghana’s mineral wealth returned to Ghana rather than leaking abroad – exceeded every target it set. …
… Ghana’s response: GoldBod and restructuring (2025-2026) In 2025, Ghana established the Ghana Gold Board (GoldBod) to centralize and regulate the purchase, aggregation, and export of artisanal and small-scale gold. …
Ghana's mining industry is projected to record higher mineral output in 2026, with large-scale gold production expected between 3.2 and 3.4 million ounces and small-scale miners forecast to produce between 2.9 and 3.5 million ounces, pending policy certainty and regulatory reforms. The Ghana Chamber of Mines noted that the sector remains a strong economic pillar, with attributable gold production rising 23.41 per cent to 5.94 million ounces in 2025, largely driven by small-scale mining's 63.82 per cent surge.
Why it matters
Ghana's mining output projected to strengthen in 2026 with gold production expected at 3.2–3.4 million ounces; sector remains an economic pillar after strong 23.41% growth in 2025.
Ghana's mining industry is projected to record higher mineral output in 2026, with large-scale gold production expected between 3.2 and 3.4 million ounces and small-scale miners forecast to produce between 2.9 and 3.5 million ounces, pending policy certainty and regulatory reforms. The Ghana Chamber of Mines noted that the sector remains a strong economic pillar, with attributable gold production rising 23.41 per cent to 5.94 million ounces in 2025, largely driven by small-scale mining's 63.82 per cent surge.
The Ghana Chamber of Mines forecasts 2026 gold production of between 6.1 and 6.9 million ounces, with large-scale output projected at 3.2–3.4 million ounces and small-scale at 2.9–3.5 million ounces. Small-scale mining output overtook large-scale producers for the first time in more than a century in 2025, when attributable gold output increased 23.41 percent to 5.94 million ounces.
Four senior high schools—Holy Child, St. Louis, Gomoa Senior High Technical, and Assin Manso—will debate on youth empowerment and influencer culture in Ghana at the National Girls Speech and Debate Championship semi-finals on Saturday, June 13, 2026, at the University of Ghana's Akuafo Hall.
Ghana's gold production rose 23.41 per cent in 2025 to 5.94 million ounces, driven by small-scale mining output doubling to 3.11 million ounces, while large-scale production declined 2.98 per cent to 2.83 million ounces. Mining revenue grew 10.61 per cent to GHS24.22 billion.
Former Precious Minerals Marketing Company CEO Nana Akwasi Awuah says he declined several award offers during his tenure because they required financial commitments disguised as sponsorship arrangements, preferring instead to focus on meaningful service and employee recognition.
Former Chief Executive Officer of the Precious Minerals Marketing Company, Nana Akwasi Awuah, disclosed that he routinely rejected award offers that came with financial sponsorship obligations during his tenure. He argued that genuine recognition should come from employees and citizens impacted by leadership rather than from award schemes requiring financial commitments.
The Paramount Chief of Buipe honoured GoldBod CEO Sammy Gyamfi with traditional insignia in recognition of his leadership and contribution to Ghana's economic transformation. The engagement included discussions on agriculture, industrialisation, and investment prospects in the Savannah Region.
Senior financial sector figures at The Money Summit 2026 agreed that Ghana has restored macroeconomic stability after a difficult adjustment period, with inflation falling to 3.4 percent and interest rates declining significantly, but warned that significant structural weaknesses continue to threaten the recovery's sustainability.
United Bank for Africa has engaged the Ghana Gold Board to explore strategic partnership opportunities and business support solutions for gold aggregators and players in the gold value chain, leveraging UBA's digital banking capabilities, treasury services, and trade facilitation solutions to support the formalisation and growth of Ghana's gold trading sector.
The Ghana Gold Board has advocated gold tokenisation to deepen capital formation and broaden investment opportunities, enabling Ghanaians to own fractions of gold through digital tokens starting from as little as GH¢15. The Board also noted that Ghana's gold exports rose from about 63.8 tonnes in 2024 to nearly 104 tonnes in 2025, with the ASM sector contributing almost half of total exports, though the country lacks local refining capacity to maximise value.
Leading members of the NDC and NPP, including Vice President Jane Naana Opoku-Agyemang and NPP running mate Dr. Matthew Opoku Prempeh, attended the final funeral rites of Ghana Gold Board CEO Sammy Gyamfi's father-in-law in Kumasi.
The Chronicle editorial expresses concern that state anti-galamsey pronouncements are not translating into meaningful action, as illegal mining continues openly in the Eastern Region, devastating cocoa farms and the Birim River despite official commitments to combat the practice.
Ghana Gold Board CEO Sammy Gyamfi announced procurement of 10 high-tech speedboats for the National Anti-Illegal Mining Operational Secretariat to protect river bodies from illegal mining operations, which he described as a grave environmental threat. The initiative builds on earlier support including five pick-up vehicles and GH¢5 million provided to the task force last year.
A delegation from Multimedia Group Limited joined Sammy Gyamfi, CEO of the Ghana Gold Board, and his family in Kumasi for the burial and final funeral rites of his late father-in-law, Andrews Kwame Amankwah, offering condolences and presenting a cash donation.
First Lady Lordina Mahama joined mourners in Kumasi at the funeral of Andrews Kwame Amankwah, father-in-law of Ghana Gold Board CEO Sammy Gyamfi. Amankwah died following a robbery attack at Ohwim Tigo Junction in the Ashanti Region; the incident led to arrests now before the courts.
The Ghana Gold Board has agreed with Royal Ghana Gold Limited to supply up to one metric tonne of gold weekly for local refining, the board's second such partnership in 2026, as part of Ghana's effort to refine all domestically mined minerals before export by 2030.
Communities in Amansie Central and Adansi North Districts have endorsed a geological survey funded by the Ghana Gold Board and conducted by the Geological Survey Authority to identify mineralised zones for responsible cooperative and community mining. The GoldBod plans to provide mining equipment, technical support, and guaranteed market access to support small-scale mining operations.
Ghana has successfully concluded its 17th Extended Credit Facility programme with the IMF ahead of schedule, marking an economic turnaround with falling inflation, a stabilized cedi, improving credit ratings, and gross international reserves of nearly US$14.5 billion. The country will now transition to a 36-month Policy Coordination Instrument focused on sustaining reforms and protecting economic gains.
An opinion piece warns that the NDC risks eroding President Mahama's economic gains and policy achievements if the party does not manage the transition to a new 2028 presidential candidate thoughtfully, with multiple potential aspirants from different generations of party leadership already being considered.
Ghana's government has asked large-scale gold miners to sell 30% of annual output to the central bank to boost foreign reserves, up from the previous 20% agreement, though commercial terms remain unresolved. The revamped programme aims to reach 157 tons of gold reserves by 2028 to improve the cedi and rebuild external buffers.
Damang Gold Mine has sold its second consecutive haul of refined bullion to the Ghana Gold Board, representing 100 per cent of its total operational output of 121 kilogrammes of gold. The transaction was processed at the GoldBod Assay Laboratory in Accra on 18 May 2026, marking an increase from the inaugural transaction of 103 kilogrammes.
Ghana's President previously declared the country was exiting the IMF's Extended Credit Facility "with dignity," citing improvements including inflation dropping to 3.8 percent, cedi appreciation of 32 percent, and debt restructuring; reports now suggest Ghana is in talks to enter another IMF programme, prompting questions about why further support is needed given these economic achievements.
Former MP for Adentan Kojo Adu Asare revealed his six-year struggle with end-stage renal disease and dialysis, disclosing that a single session costs GH₵650 and he requires three sessions weekly, totalling approximately GH₵1,950 per week, alongside expensive medications and medical tests.
Ghana posted its strongest external trade performance in 2025 with a trade surplus of US$13.6 billion and export receipts of US$31.11 billion, mainly from gold exports. However, policymakers and economists warn that the current export model remains concentrated in raw commodities and insufficient to drive broad-based employment gains and long-term industrialisation.
Ghana has achieved significant economic improvements—including a cedi appreciation of 32 percent, inflation falling from over 23 percent to 3.8 percent, record reserves, and debt restructuring—yet reports suggest the country is entering talks for another IMF programme, prompting questions about why such support is still needed given the apparent recovery.
The Minerals Income Investment Fund (MIIF) and key state institutions have reconstituted an inter-agency committee to strengthen monitoring, verification and collection of mineral royalties and mining revenues. The committee, chaired by the acting commissioner of GRA's Domestic Tax Revenue Division, held its inaugural meeting in Accra on 8 May 2026 to address gaps created during institutional transitions and tackle issues like undeclared production and royalty leakages.
Ghana's gold trade with the UAE emerged in the early 2000s as Dubai positioned itself as a global bullion hub through tax-free gold imports and refining infrastructure, gradually redirecting Ghanaian gold flows from traditional markets in Switzerland, the UK, and South Africa toward Dubai's expanding precious metals market.
The Minerals Income Investment Fund (MIIF) has reconstituted an inter-agency committee comprising representatives from Ghana's extractive sector institutions to strengthen monitoring, verification and collection of mineral royalties and mining revenues. The committee, chaired by the Acting Commissioner of the Domestic Tax Revenue Division of the Ghana Revenue Authority, held its inaugural meeting on 8 May 2026, focusing on restoring coordination and addressing concerns including undeclared production, royalty leakages and weak regulatory oversight.
As of May 1, only 61 out of 185 state-owned enterprises and specified entities submitted their 2025 financial statements to SIGA by the April 30 deadline, representing a 32% compliance rate. More than 100 entities had neither submitted statements nor provided reasons for delays.
Ghana's Minerals Income Investment Fund has reconstituted an inter-agency committee comprising representatives from state institutions including the Ghana Revenue Authority, Minerals Commission, and others to strengthen monitoring, verification and collection of mineral royalties and mining-related revenues. The committee, chaired by the GRA's Acting Commissioner of Domestic Tax Revenue, held its inaugural meeting on 8 May 2026 and aims to address coordination gaps, undeclared production, royalty leakages and weak regulatory oversight in the mining sector.