{"id":417592,"date":"2026-01-19T23:37:07","date_gmt":"2026-01-19T23:37:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/417592\/"},"modified":"2026-01-19T23:37:07","modified_gmt":"2026-01-19T23:37:07","slug":"dubai-and-india-take-98-8-of-ghanas-small-scale-gold-exports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/417592\/","title":{"rendered":"Dubai and India take 98.8% of Ghana&#8217;s small-scale gold exports"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Dubai-and-India-take-98-8-of-Ghana-s-small-scale-gold-exports-2017968?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/92371502.295.jpg\" alt=\"The data showed that only two markets had the most export of the mineral\" title=\"The data showed that only two markets had the most export of the mineral\" width=\"295\" height=\"166\" \/> <\/a>The data showed that only two markets had the most export of the mineral<\/p>\n<p id=\"article-123\">A data obtained through a Right to Information (RTI) by JoyNews shows that Ghana\u2019s small-scale gold exports in 2025 were overwhelmingly concentrated in just two markets.<\/p>\n<p>Of the 103,804 kilograms of small-scale gold exported through GoldBod in 2025, Dubai accounted for more than 72%, making it by far the dominant destination. <\/p>\n<p>India followed with about 25%. <\/p>\n<p>Together, the two countries absorbed roughly 98.8% of Ghana\u2019s small scale gold exports during the year.<\/p>\n<p>The remaining 1.2% was spread across 8 other countries, with Switzerland and South Africa accounting for most of that small balance.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/blogs\/attractivenews\/GoldBod-Saves-Ghana-Hundreds-of-Millions-in-Borrowing-Costs-Boosts-Reserves-University-of-Ghana-Study-15486\" rel=\"nofollow noopener\" target=\"_blank\">GoldBod Saves Ghana Hundreds of Millions in Borrowing Costs, Boosts Reserves \u2013 University of Ghana Study<\/a><\/p>\n<p>According to the data, the level of concentration exposes Ghana to some external risks.<\/p>\n<p>It said the disruption in either Dubai or India would have immediate implications for Ghana\u2019s gold export earnings.<\/p>\n<p>The structure of the trade explains the imbalance.<\/p>\n<p>Much of Ghana\u2019s small-scale gold is exported unrefined and without a comprehensive traceability framework. <\/p>\n<p>That effectively shuts Ghana out of more premium markets, where stricter sourcing and refining standards apply.<\/p>\n<p>As a result, exports are channeled to destinations willing to accept unrefined and weakly traceable gold. <\/p>\n<p>This limits Ghana\u2019s bargaining power and can force sellers to accept discounts on pricing.<\/p>\n<p>Small-scale gold exports became a key support for the Ghana cedi in 2025, generating more than $10 billion in export earnings and helping stabilise the currency.<\/p>\n<p>SP\/AE<\/p>\n<p>DVLA set to go global with licensing services in USA, Germany, other countries<\/p>\n<\/p>\n<p>DVLA boss hits back at VEMAG over cancellation of alleged contract<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"The data showed that only two markets had the most export of the mineral A data obtained through&hellip;\n","protected":false},"author":2,"featured_media":417593,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":{"0":"post-417592","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/417592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=417592"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/417592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/417593"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=417592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=417592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=417592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}