The Ghana Gold Board (GoldBod) has reported a strong financial performance for 2025, underpinned by significant growth in revenue and a robust surplus position.
According to a statement issued yesterday, the Board recorded total revenue of GH¢5.56 billion against total expenditure of GH¢109.38 million, resulting in an overall surplus of GH¢5.45 billion. This performance marks a sharp improvement over 2024, when surplus after exceptional items stood at GH¢185.34 million.
GoldBod indicated that its surplus comprised an operational surplus of GH¢909.71 million generated from core non-tax activities and an unutilised government subvention of GH¢4.55 billion. The government had provided seed capital of GH¢4.54 billion in 2025 to support gold purchasing, trading and export operations.
Additional income streams included GH¢983.96 million in non-tax revenue and GH¢35.34 million in finance income. The statement noted that non-tax revenue was largely driven by Artisanal and Small-scale Mining (ASM) gold aggregation service charges, which contributed GH¢568.34 million, followed by assay fees of GH¢340.43 million.
“Notably, the institution recorded no finance costs in 2025, compared with GH¢46.04 million in 2024, reflecting improved financial efficiency and reduced debt-servicing obligations,” it said.
On expenditure, total spending declined to GH¢109.39 million from GH¢129.66 million in 2024, despite expanded operations. Compensation of employees stood at GH¢37.38 million, while goods and services cost GH¢28.14 million and specialised expenses amounted to GH¢38.92 million.
The statement added: “Expenses were largely driven by task force deployment, which cost GH¢14.29 million, followed by corporate social responsibility and the Special Intervention Programme (SIP) at GH¢11.25 million.”
GoldBod’s balance sheet also reflected strong liquidity, with total assets rising to GH¢9.55 billion and cash and cash equivalents increasing significantly to GH¢8.77 billion.
