Ghana has recorded over $1.17 billion in foreign exchange earnings in just one month of operations under the Goldbod gold purchase programme, according to Finance Minister Dr. Cassiel Ato Forson.
The initiative, known as Goldbod, has seen the country export more than 11 tonnes of gold since it launched, signalling a major boost for Ghana’s efforts to stabilise the cedi and enhance local participation in the gold trade. According to Dr. Forson, the government also plans to use the MIIF and Goldbod to grow the country’s gold reserves over time.According to Ghana’s President John Mahama, the country earned just US$2.7 billion from gold exports in the fourth months between January and April 2025.
“This is a clear demonstration of the value that can be realised when our mineral wealth is properly structured and managed,” Dr. Forson said at the inauguration of the new Board of Directors of the Minerals Income Investment Fund (MIIF) in Accra.
The Goldbod programme is part of broader government efforts to curb mineral smuggling, shore up the cedi, and ensure that the country benefits more directly from its natural resource wealth. According to Dr. Forson the results from Goldbod prove that “properly structured and managed” resource strategies can yield tangible economic benefits.