GoldBod generated GH¢970m in non-tax revenue in 2025 - CEO
Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board (GoldBod), stated that the institution generated GH¢970 million in non-tax revenue for the state in 2025. He said this revenue came from assay fees charged on gold transactions, including those involving the Bank of Ghana and licensed gold-buying companies. Mr Gyamfi explained that "GoldBod's non-tax revenue was GH¢970 million in 2025."
He further explained that the revenue came from "the assay fees GoldBod charges the Bank of Ghana and other licensed gold-buying companies." Assaying involves testing gold to determine its purity and other characteristics necessary for accurately establishing its value. Mr Gyamfi added that these fees are part of GoldBod's operations and are paid by institutions and licensed operators using its assaying services. Beyond assay fees, GoldBod's operations aim to formalize the domestic gold trade, improve foreign exchange mobilization, and support the accumulation of Ghana's gold reserves.
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The Ghana Gold Board (GoldBod) is under scrutiny regarding its financial contributions to the state. Questions are being raised about the
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