Ghana’s Gold Export Earnings Surge to $5.2 Billion in First Four Months of 2025 — BoG

76.4% Year-on-Year Growth Signals Booming Mining Sector

Ghana’s gold export earnings soared to $5.2 billion between January and April 2025, representing a significant 76.4% increase compared to the same period in 2024, according to the Bank of Ghana’s latest summary of economic and financial data.

The central bank’s report attributes the sharp growth to increased gold production volumes and a favourable international market price for the commodity. This boost reaffirms Ghana’s status as one of Africa’s top gold-producing nations and highlights the vital role the mineral sector continues to play in foreign exchange generation and national revenue.

Mining Sector Strengthens Ghana’s Economic Recovery

The 2025 first-quarter earnings show a positive rebound for the mining sector, which had experienced moderate growth over the past year. With the government implementing reforms to formalise small-scale mining, curb illegal activities, and attract foreign investment, analysts believe the surge is likely to continue into the second half of the year.

Meanwhile, the Ghana Chamber of Mines and other stakeholders have called for reinvestment of gold revenues into mining communities and sustainable infrastructure to support long-term growth.

As the cedi continues to face depreciation pressures, the rise in gold export earnings is expected to provide some buffer for the country’s balance of payments and help stabilise the economy amid global inflationary trends.

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