Ghana's ASM sector generates $10.8bn in 2025, GoldBod CEO reveals
Ghana's artisanal and small-scale mining (ASM) sector generated $10.8 billion in foreign exchange in 2025.
In Brief
- •Ghana's artisanal and small-scale mining (ASM) sector generated $10.8 billion in foreign exchange in 2025.
- •GoldBod increased gold captured from the ASM sector to 104 metric tonnes from 60 tonnes previously.
- •Ghana is working with local refineries to process gold domestically before export.
- •The Kyrgyz Republic is interested in replicating Ghana's GoldBod operational model.
- •Ghana's reforms aim to eliminate illicit financial flows and retain high-value mineral processing within the country.
Why It Matters
Ghana's successful integration of its ASM sector into the formal economy has significant implications for other gold-producing developing nations. By redirecting informal mineral wealth into official state channels, Ghana has demonstrated a model that could help other countries maximize socio-economic benefits from their natural resources. This development is crucial in the fight against illicit financial flows and cross-border smuggling networks, which historically drain developing economies through unrecorded exports and environmental damage.
Key Details
- Foreign Exchange Generated
- $10.8 billion
- Gold Captured
- 104 metric tonnes
- Previous Gold Captured
- 60 metric tonnes
- Year of Generation
- 2025
Context & Background
The ASM sector in Ghana has historically been informal and unregulated, leading to illicit trade and environmental damage. GoldBod's interventions aim to curtail these issues and integrate small-scale operators into the formal domestic financial architecture.
Original Reporting & Sources
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