President of Policy Think Tank, IMANI Africa, Franklin Cudjoe, has suggested that GoldBod can help fund the fight against illegal mining in Ghana.
According to him, the country’s Lands and Natural Resources Minister must no longer appeal to Corporate Ghana for funding, considering the gains being made by the GoldBod.
In a social media post reacting to a news item that suggested that GoldBod had raked in $8 billion from gold exports, he indicated that some of the earnings can be diverted into the fight against galamsey since GoldBod wants to continue buying gold mined in the right way.
His post read “Impressive!! Now, it should be easy for us to fund the illegal mining fight with a fraction of this amount so we can keep buying cleaner gold and not from illegal miners.
The Lands Minister should not need to beg for money from corporate Ghana to fight illegal mining. After all, GoldBod is interested in buying clean gold? Non?”
Background
Ghana’s small-scale gold export sector has generated over US$8 billion in foreign exchange between January and 15th October 2025, according to new figures from the Ghana Gold Board (GoldBod) and the Precious Minerals Marketing Company (PMMC).
Data released by GoldBod shows that small-scale miners exported 81,719.23 kilograms of gold during the period, valued at US$8.06 billion. This marks a sharp increase from US$4.61 billion recorded in 2024 and nearly quadruple the US$2.19 billion achieved in 2023.
The data highlights a consistent upward trend in both gold volume and export value over the three-year period, reflecting improved regulation, transparency, and compliance within Ghana’s small-scale mining sector.
Significant monthly gains were recorded in May (US$1.17 billion), June (US$957.9 million), and April (US$897.6 million), underscoring strong performance in the second quarter of the year.
GoldBod attributed the positive results to its continued partnership with PMMC and strengthened oversight of small-scale gold exports.
The collaboration has been instrumental in curbing illicit trade and ensuring that proceeds from gold sales are properly repatriated into the Ghanaian economy.
The surge in export earnings is expected to boost Ghana’s foreign reserves and support the country’s ongoing economic recovery efforts.
