Ghana's gold exports reached an unprecedented GHS 20 billion in 2025. This figure represents a substantial increase from GHS 10.3 billion recorded in 2024. The Education Minister, Haruna Iddrisu, announced this during the commissioning of the Kenyasi Number Two Campus of the University of Mines and Technology (UMaT).
Mr. Iddrisu attributed this record performance to President John Mahama's successful efforts in curbing gold smuggling. He stated that the administration has effectively reduced illicit gold trade at Ghana's land borders and airports. This achievement addresses concerns about revenue loss from the vital mining sector.
The significant jump in gold export value underscores Ghana's ongoing efforts to maximize returns from its natural resources. Gold remains a cornerstone of the Ghanaian economy, contributing substantially to foreign exchange earnings and government revenue. The 2025 figure also far surpasses the GHS 1.7 billion in 2014 and GHS 1.9 billion in 2015, which accounted for about 34 percent of African Gold Mining (AFGM) gold.
Minister Iddrisu made these remarks while responding to a question from Barima Twereku Ampem III. The Paramount Chief of Ntotroso and President of the Ahafo Region House of Chiefs had inquired about the benefits of gold mining for employment and revenue generation. Mr. Iddrisu emphasized the government's commitment to increasing local participation in gold management. He suggested that this involvement should extend to traditional leaders for more consultative decision-making.
The Minister also called on Newmont Ghana Gold Limited to increase its contributions to the Newmont Ahafo Development Foundation (NADeF). NADeF is the company's Corporate Social Responsibility arm. He urged Newmont to adjust its commitment of $1 from every ounce of gold sold and one percent of annual pre-tax net profit. This adjustment would ensure more optimal and judicious use of resources for community development.
Alex Kofi Annin, General Manager of Newmont Ghana Gold Limited's Ahafo South Mine, affirmed the company's commitment. He stated that Newmont measures its true value by the lives it improves and the opportunities it creates. Many UMaT graduates work at the Ahafo South Mine, including managers and other professionals. This highlights the strong academic foundation provided by UMaT.
Professor Yaw Ofosu-Kusi, Chairperson of the NADeF Board of Trustees, explained the foundation's funding structure. It receives $1 from every ounce of gold sold and one percent of annual pre-tax net profit from Newmont Ahafo Mine's operations. NADeF prioritizes community participation, ownership, and an independent governance structure. Its principles include integrity, respect, stewardship, participation, inclusiveness, and transparency.
The record gold export figures suggest a positive trajectory for Ghana's mining sector. Continued vigilance against smuggling and enhanced local content policies could further boost revenue. Decision-makers will likely monitor these trends closely to ensure sustainable growth and equitable distribution of mining benefits. The government's focus on local participation aims to empower communities and integrate them more deeply into the value chain.