Ghana’s gold exports reached a record GHS 20 billion in 2025. This figure represents a substantial increase from previous years, according to Education Minister Haruna Iddrisu. He stated that President John Dramani Mahama has successfully reduced gold smuggling from the nation’s land borders and airports.
This significant rise in export value nearly doubled the GHS 10.3 billion recorded in 2024. It also far surpassed the GHS 1.7 billion in 2014 and GHS 1.9 billion from 2014, which accounted for about 34 percent of African Gold Group (AFGM) gold. The reduction in smuggling directly contributes to higher official export figures and increased government revenue.
The surge in gold exports is crucial for Ghana’s economic stability and growth. Gold remains one of Ghana’s primary foreign exchange earners, alongside cocoa and oil. Improved control over its extraction and export channels strengthens the national treasury and supports the cedi against major international currencies. This trend aligns with broader government efforts to formalize the mining sector and maximize its benefits for the Ghanaian populace.
Mr. Iddrisu made these remarks during the commissioning of the Kenyasi Number Two Campus of the University of Mines and Technology (UMaT). He was responding to a question from Barima Twereku Ampem III, the Paramount Chief of Ntotroso and President of the Ahafo Region House of Chiefs. The Chief inquired about the benefits of gold mining for employment and revenue generation in the region.
The Minister also emphasized the importance of increasing local participation in the management of gold resources. He suggested that traditional leaders, such as chiefs, should be more consultatively involved in mining decisions. This approach aims to ensure that gold mining genuinely benefits local communities and fosters greater ownership among Ghanaians.
Furthermore, Mr. Iddrisu called on Newmont Ghana Gold Limited to increase its commitment to the Newmont Ahafo Development Foundation (NADeF). NADeF is the company’s Corporate Social Responsibility (CSR) initiative. He urged Newmont to adjust its contribution from $1 per ounce of gold sold and one percent of annual pre-tax net profit. This adjustment would provide more resources for community development projects in mining areas.
Mr. Alex Kofi Annin, General Manager of the Ahafo South Mine of Newmont Ghana Gold Limited, affirmed the company’s commitment to sustainable development. He highlighted that many UMaT graduates work at the Ahafo South Mine, including managers and technical service professionals. This demonstrates the company’s role in creating employment and leveraging local talent.
Professor Yaw Ofosu-Kusi, Chairperson of the Board of Trustees of NADeF, explained the foundation’s funding model. It receives $1 from every ounce of gold sold and one percent of annual pre-tax net profit from Newmont Ahafo Mine’s operations. NADeF prioritizes community participation, ownership, and an independent governance structure. This structure is guided by principles of integrity, respect, stewardship, inclusiveness, and transparency.
The increased gold export figures suggest a positive trajectory for Ghana’s mining sector. Future developments will likely focus on sustaining anti-smuggling efforts and ensuring equitable distribution of mining benefits. Decision-makers will monitor the impact of increased local participation and enhanced corporate social responsibility on community welfare and economic growth. The government’s continued focus on formalizing the sector could attract further investment and improve transparency.