Back to today’s briefing

Story perspectives

Ghana's Gold Initiative Aims to Curb $11.4B Smuggling Losses

2/26/2026

24 5 Full Breakdown

Summary

Story summary

Finance Minister Cassiel Ato Forson announced plans to channel 127 metric tons of artisanal and small-scale mining (ASM) gold into trade annually.
The Ghana Gold Board (GoldBod) will buy at least 2.45 tons weekly and seek $20 billion in annual inflows.
The initiative addresses smuggling losses of $11.4 billion from 2019 to 2023.
GoldBod will negotiate sales and manage price risks.
The Bank of Ghana will oversee foreign exchange transactions.

1 of 1

Story summary

Finance Minister Cassiel Ato Forson announced plans to channel 127 metric tons of artisanal and small-scale mining (ASM) gold into trade annually.
The Ghana Gold Board (GoldBod) will buy at least 2.45 tons weekly and seek $20 billion in annual inflows.
The initiative addresses smuggling losses of $11.4 billion from 2019 to 2023.
GoldBod will negotiate sales and manage price risks.
The Bank of Ghana will oversee foreign exchange transactions.