The Ghana Gold Board (GoldBod) more than tripled its non-tax revenue in 2025 while reducing expenditure and recording an operational surplus of GH₵909.8 million, according to its audited financial statements.
The report, covering the year ending December 31, 2025, shows that non-tax revenue increased from GH₵307.7 million in 2024 to GH₵970.8 million in 2025, representing a rise of over 300 per cent.
Spending Reduced Despite Expansion
At the same time, total expenditure dropped from GH₵129.7 million in 2024 to GH₵109.4 million in 2025, even as the institution expanded its operations.
This performance comes in GoldBod’s first year after taking over from the defunct Precious Minerals Marketing Company (PMMC).
Expanded Mandate and Workforce
Under its new mandate, GoldBod now oversees gold aggregation, licensing, assay services, inspections, anti-smuggling operations and export coordination.
Its staff strength also increased significantly from 114 employees in 2024 to 450 in 2025.
Despite this growth, the Board maintained lower spending, a development seen as a sign of strong cost control.
Strong Operational Performance
Officials say the results reflect tighter expenditure management, efficient use of resources and improved operational discipline.
The GH₵909.8 million surplus was generated from the Board’s core non-tax activities.
Government Support Preserved
The report noted that the surplus excludes the GH₵4.55 billion government subvention provided as revolving trade capital for gold purchases, which was preserved.
Early Signs of Reform Success
The 2025 results are being seen as an early indication that GoldBod’s reform programme is delivering measurable financial gains.
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