The Ghana Gold Board (GoldBod) has reported a significant boost in operational performance for 2025, recording a sharp rise in revenue while reducing overall expenditure, despite a major expansion in its workforce and mandate.
According to its audited financial statements as of December 31, 2025, the Board’s non-tax revenue surged from GH₵307.7 million in 2024 to GH₵970.8 million in 2025, marking more than a threefold increase in internally generated income within its first year of operation.
In contrast, total expenditure declined from GH₵129.7 million in 2024 to GH₵109.4 million in 2025, reflecting what analysts describe as strong fiscal discipline, even as the institution took on broader responsibilities.
The performance follows the transition from the Precious Minerals Marketing Company (PMMC) to GoldBod, a shift that significantly expanded the agency’s operational scope to include gold aggregation, licensing, assay services, inspections, anti-smuggling enforcement and export coordination.
As part of this transition, GoldBod increased its workforce from 114 employees under PMMC in 2024 to 450 staff in 2025—an expansion of over 290 percent to support its enhanced mandate.
Despite the rise in staff numbers, the Board maintained lower expenditure levels than the previous year, a development attributed to tighter cost controls, strategic resource allocation and a focus on efficiency.
The result was an operational surplus of GH₵909.7 million from core non-tax activities.
This excludes the GH₵4.55 billion government subvention provided as revolving capital for gold purchases, which remained intact.
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