Ghana Bets Big on Artisanal Gold: $12 Billion Target as Output Set to Double, Gold Board CEO Says
20:08 22.05.2025 (Updated: 20:24 22.05.2025)
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Ghana Bets Big on Artisanal Gold: $12 Billion Target as Output Set to Double, Gold Board CEO Says
"[Increase in gold earnings] will have a positive impact on inflation and gross domestic product, and on the foreign component of our debt profile," Sammy Gyamfi told a US media outlet.
Key moves on the track toward the goal:
⦁ targeting $6 billion in earnings this year, rising to $12 billion annually from 2026;
⦁ doubling weekly purchases from artisanal miners — from 1.5 tonnes in January to over three tonnes;
⦁ fighting illegal trade while boosting foreign exchange reserves and stabilizing inflation and debt.
ℹ The government established the Ghana Gold Board to regulate gold trade, boost forex reserves, and tackle smuggling.
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