The Ghana Gold Board (GoldBod) has announced the introduction of a special temporary bonus of GHS832 per pound of gold for all licensed miners across the country. The move, which was rolled out on Wednesday, 27th August 2025, is aimed at motivating miners and curbing the rising challenge of gold smuggling.
With this incentive, a pound of gold that would ordinarily sell in the local market at GHS8,868 is now fetching GHS9,700. This adjustment provides miners with an immediate boost in returns and strengthens their confidence in Ghana’s gold trade system.
The initiative comes in direct response to complaints from licensed miners about a reduction in local gold prices in recent months, caused largely by the steady appreciation of the Ghana cedi. Miners had expressed concerns that their contributions to Ghana’s economy, particularly in foreign exchange earnings, were being undermined by currency movements.
GoldBod explained that the special bonus is designed to ensure miners are not shortchanged as a result of the cedi’s strength. “The special bonus will ensure that licensed miners who have contributed immensely to the country’s increased gold output and foreign exchange earnings do not indirectly suffer as a result of the significant appreciation of the Ghana cedi, which they have helped the country achieve,” a statement from the Board noted.
To make the initiative effective, GoldBod has directed its licensed traders across the country to facilitate prompt payment of the bonus to miners who sell their gold through official channels. This is expected to discourage smuggling while increasing the volume of gold traded through legal means.
Industry watchers say the decision is a significant step towards stabilizing Ghana’s gold sector and protecting the livelihoods of miners. It also aligns with government’s broader efforts to ensure that resource-based earnings benefit not only the national economy but also the individuals and communities that drive production.
GoldBod’s Media Relations Officer, Prince Kwame Minka, who signed the official release, assured miners of the Board’s commitment to fairness and transparency. “We have adequately resourced and directed our traders to make sure that this special bonus reaches every licensed miner promptly,” he emphasized.
The announcement has already sparked optimism among miners and stakeholders in the gold industry, who see it as a practical solution to one of the pressing challenges confronting the sector.
Gold continues to be Ghana’s top foreign exchange earner, and experts believe this latest intervention will not only increase official gold sales but also contribute to economic stability by discouraging illegal exportation.
Read their full statement below!
GOLDBOD INTRODUCES SPECIAL BONUS FOR LICENSED MINERS
In a bid to motivate licensed miners and fight gold smuggling, the Ghana Gold Board (GoldBod) on Wednesday, 27th August 2025, introduced a special (temporary) bonus of GHS832 per pound of gold for all licensed miners across the country.
As a result of this initiative, a pound of gold which should have sold in the local market for GHS8,868 is now selling at GHS9,700.
This novelty is in response to legitimate complaints from licensed miners about the significant reduction in the local price of gold in recent months due to the continuous appreciation of the Ghana cedi.
The special bonus will ensure that licensed miners who have contributed immensely to the country’s increased gold output and foreign exchange earnings do not indirectly suffer as a result of the significant appreciation of the Ghana cedi, which they have helped the country achieve.
GoldBod has adequately resourced and directed its licensed traders across the country to ensure the prompt payment of this special bonus to all licensed miners who sell their gold to GoldBod.
SIGNED
Prince Kwame Minka
(Media Relations Officer, GoldBod)
Contact: +233 256 203 488 / +233 545 540 001
