ACCRA, July 15 – Ghana is on track to match or surpass last year’s record artisanal and small-scale gold production after the country’s Gold Board purchased between 50 and 54 metric tons of gold during the first half of 2026.
Gold Board (GoldBod) Chief Executive Officer Samuel Gyamfi said the current pace of purchases puts the sector on course to equal or exceed the record 104 metric tons produced in 2025, when artisanal mining overtook large-scale mining as Ghana’s biggest source of gold output for the first time.
The strong performance is expected to support Ghana’s export earnings and foreign exchange inflows, with gold remaining the country’s largest export.
According to Gyamfi, the artisanal mining sector generated nearly $11 billion in foreign exchange earnings last year, compared with about $9 billion from large-scale mining.
He said recent declines in gold prices have lowered the board’s earnings expectations. GoldBod had based its 2026 projections on an average gold price of about $5,000 per ounce and weekly purchases of around 2.5 metric tons.
Even so, Gyamfi said Ghana is still expected to earn more from gold exports this year than it did in 2025, as average gold prices remain higher than last year’s levels despite falling short of the board’s earlier forecasts.
