The Ghana Gold Board (GoldBod) has exported artisanal and small-scale mining (ASM) gold worth US$11.6 billion between January 1 and October 20, 2026, surpassing earnings from large-scale gold exports over the same period.

GoldBod Chief Executive Officer Sammy Gyamfi disclosed this at the Mining in Motion Conference on Tuesday, October 20, noting that the Board had aggregated and exported 85.4 tonnes of ASM gold within the period.

He said the performance exceeded large-scale gold exports, which amounted to 76 tonnes valued at US$11.1 billion over the same period.

According to Mr Gyamfi, the figures highlight the growing contribution of the artisanal and small-scale mining sector to Ghana’s foreign exchange earnings and reinforce GoldBod’s prospects of surpassing its 2025 export performance.

He explained that ASM gold exports increased from 63 tonnes in 2024 to approximately 104 tonnes in 2025, making it the first time in Ghana’s history that exports from the sector exceeded those of large-scale mining.

The sector generated about US$10.8 billion in foreign exchange in 2025, he said, helping to support stability in the foreign exchange market and strengthen the country’s international reserves.

Mr Gyamfi further attributed part of the cedi’s 41 per cent appreciation against the US dollar in 2025 to foreign exchange inflows from ASM gold exports.

“Ladies and gentlemen, the story is not different this year. In fact, it is better. The GoldBod remains on track to surpassing last year’s outturn. From January 1, 2026, to October 20, 2026, the GoldBod has aggregated and exported 85.4 tonnes of ASM gold valued at US$11.6 billion against total large-scale exports of 76 tonnes worth US$11.1 billion for the same period,” he said.

He added that the foreign exchange generated by the sector continued to play an important role in supporting market operations, reserve accumulation and currency stability.

“FX inflows from the ASM sector continues to anchor FX intermediation, support reserve build-up and currency stability,” he stated.

Mr Gyamfi expressed confidence that GoldBod would exceed its 2025 export figures as it continues to aggregate and export gold from Ghana’s artisanal and small-scale mining sector.

The latest figures underscore the increasing importance of small-scale gold exports to the country’s foreign exchange earnings, although the Board’s full-year performance will depend on export volumes and values recorded in the remaining months of 2026.