The Precious Minerals Marketing Company (PMMC), in partnership with GoldBod, has generated an impressive US$8 billion in foreign exchange for Ghana from small-scale gold exports between January and October 15, 2025.

This milestone underscores the critical role of the small-scale mining sector in supporting Ghana’s economy and strengthening the country’s foreign reserves amid global economic challenges, Mr Samuel Gyamfi, Chief Executive Officer of Goldbod has said.

In a statement,  the company attributed the strong performance to enhanced regulatory oversight, improved transparency in gold trade, and closer collaboration between licensed exporters and small-scale miners.

According to Goldbod, the partnership with PMMC has streamlined export processes, reduced illicit gold trading, and ensured that a greater portion of Ghana’s gold revenue is officially repatriated through legitimate banking channels.

Officials noted that the achievement demonstrates the success of government reforms aimed at formalising small-scale mining operations, boosting compliance, and promoting value addition within the mineral export chain.

“The US$8 billion in foreign exchange earnings is a clear testament to what Ghana can achieve when efficiency, accountability, and partnership drive our natural resource management,” Mr Gyamfi stated.

The company reaffirmed its commitment to sustaining momentum through continued collaboration with the Ministry of Lands and Natural Resources, the Bank of Ghana, and other key stakeholders to further enhance the traceability, transparency, and profitability of small-scale gold exports.

Economic analysts have praised the development, describing it as a significant contribution to Ghana’s balance of payments and a reflection of the potential of the artisanal and small-scale mining (ASM) sector when effectively regulated.

The PMMC-GoldBod collaboration has been hailed as a model for other resource-based partnerships, proving that with the right governance structures, small-scale mining can be both profitable and sustainable.