{"id":559984,"date":"2026-05-01T05:19:22","date_gmt":"2026-05-01T05:19:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/559984\/"},"modified":"2026-05-01T05:19:22","modified_gmt":"2026-05-01T05:19:22","slug":"goldbod-records-gh%c2%a25-4-billion-surplus-for-2025","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/559984\/","title":{"rendered":"GoldBod records GH\u00a25.4 billion surplus for 2025"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/GoldBod-records-GH-5-4-billion-surplus-for-2025-2032243?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/88375751.295.jpg\" alt=\"Sammy Gyamfi, CEO of Ghana Gold Board\" title=\"Sammy Gyamfi, CEO of Ghana Gold Board\" width=\"295\" height=\"197\" \/> <\/a>Sammy Gyamfi, CEO of Ghana Gold Board<\/p>\n<p id=\"article-123\">The Ghana Gold Board (GoldBod) has recorded a remarkable improvement in operational efficiency in 2025, growing its revenue exponentially while simultaneously reducing expenditure. This was in spite of a major expansion in staff strength and institutional mandate.<\/p>\n<p>According to the Board\u2019s audited financial statements as at December 31, 2025, GoldBod increased its non-tax revenue from GH\u00a2307.7 million in 2024 to GH\u00a2970.8 million in 2025, representing more than 300% in internally generated income within its first year of operations.<\/p>\n<p>In a sharp contrast, total expenditure declined from GH\u00a2129.7 million in 2024 to GH\u00a2109.4 million in 2025, reflecting strong fiscal prudence even as the institution assumed significantly broader responsibilities.<\/p>\n<p>The performance is particularly notable given the transition from the defunct Precious Minerals Marketing Company (PMMC) to the Ghana Gold Board, which came with a substantial increase in operational scope, regulatory oversight and workforce capacity.<\/p>\n<p>While PMMC operated with a total staff strength of 114 employees in 2024, GoldBod expanded its workforce to 450 employees in 2025 to support its enhanced mandate across gold aggregation, licensing, assay services, inspections, anti-smuggling enforcement and export coordination.<\/p>\n<p>Despite the over 290% increase in staff strength, the Board was able to keep expenditure relatively lower than the previous year, a development analysts say reflects strong institutional discipline and efficient public sector management.<\/p>\n<p>Officials attribute the outcome to tighter expenditure controls, strategic resource allocation and a deliberate focus on operational efficiency.<\/p>\n<p>This enabled the GoldBod to record an operational surplus of GH\u00a2909.7 million from its core (non-tax) activities, excluding the GH\u00a24.55 billion government subvention provided as revolving trade capital for gold purchases which was preserved by the organization.<\/p>\n<p>From the audited financial report, GoldBod\u2019s ability to increase revenue, reduce costs and deliver a strong operational surplus within its first year is emerging as one of the clearest indicators that the institution\u2019s reform agenda is translating into measurable financial results.<\/p>\n","protected":false},"excerpt":{"rendered":"Sammy Gyamfi, CEO of Ghana Gold Board The Ghana Gold Board (GoldBod) has recorded a remarkable improvement in&hellip;\n","protected":false},"author":2,"featured_media":559985,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-559984","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/559984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=559984"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/559984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/559985"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=559984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=559984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=559984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}