Ghana Gold Board Reports GH¢5.45 Billion Surplus in 2025

Ghana’s Gold Board ended its 2025 financial year with a surplus of GH¢5.45 billion, a sharp jump from the GH¢185.34 million recorded the previous year, according to figures released by the institution Tuesday.

Total revenue for the period came in at GH¢5.55 billion while expenditure stood at GH¢109.38 million. An additional profit of GH¢959.72 thousand from GoldBod Jewellery Limited was factored into the final surplus figure.

The government provided GH¢4.54 billion in seed capital during the year to back the institution’s gold purchasing, trading and export activities. GoldBod separately generated GH¢983.96 million in non-tax revenue, with artisanal and small-scale mining aggregation service charges accounting for the largest portion at GH¢568.34 million. Assay fees contributed GH¢340.43 million, Diamond Licensed Buying Companies fees GH¢770.70 million, inspection fees from large-scale miners GH¢41.85 million, and registration and licensing fees GH¢30.77 million. Finance income added a further GH¢35.34 million.

Despite expanding its operations, GoldBod reduced total spending from GH¢129.66 million in 2024 to GH¢109.39 million. The institution also recorded no finance costs during the year, compared to GH¢46.04 million the year prior, a development it attributed to stronger financial management and lower debt servicing obligations.

The board’s asset base grew 468 percent over the year to GH¢9.55 billion, with cash and cash equivalents rising from GH¢738.18 million to GH¢8.77 billion, supported by operating cash inflows of GH¢8.06 billion. Net assets stood at GH¢5.60 billion after total liabilities of GH¢3.95 billion, the bulk of which, GH¢3.78 billion, represented amounts payable to the Bank of Ghana under the Domestic Gold Purchase Programme.

Long-term borrowing fell to GH¢17 million from GH¢30 million, covering outstanding legacy facilities inherited from the defunct Precious Minerals Marketing Company. The board said it was confident the institution had adequate resources to sustain its operations into the foreseeable future.

Source: myjoyonline.com