The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has revealed that the Artisanal and Small-Scale Mining (ASM) sector delivered a historic 90 tonnes of gold in 2025, representing 53% of the country’s total gold export earnings.
He described the performance as the strongest in Ghana’s mining history.
Speaking at the 2025 Dubai Precious Metals Conference, Mr Gyamfi said the sector has become a key pillar in Ghana’s economic recovery, contributing significantly to foreign exchange earnings.
“The ASM sector this year alone contributed 90 tonnes of gold, constituting 53% of Ghana’s total gold export earnings,” he stated.
He explained that the earnings from ASM have surpassed the contribution of large-scale mining for the first time, generating over US$9 billion for Ghana.
According to him, this feat helped stabilise the economy.
“These gains have boosted our reserves, supported the appreciation of the cedi, and eased inflation pressures,” he added.
Mr Gyamfi also stressed the human impact of the sector, noting that it provides over one million direct and indirect jobs.
“These are not mere statistics; these are real livelihoods. For many young people, ASM is the path to economic independence,” he said.
He, however, cautioned that the benefits of ASM must go hand-in-hand with responsible practices.
“No volume of gold is worth a human life. We must formalise ASM to eliminate illegal activity while protecting the environment,” Mr Gyamfi emphasised.
He reaffirmed the government’s commitment to reforms through the Ghana Gold Board.