Ghana’s Gold Export Revenue Soars to $5.24B in April on Price Surge

ACCRA — Ghana’s gold export earnings surged to $5.24 billion in April 2025, a sharp rebound from $3.72 billion in March, driven by a rally in global gold prices, Accra Street Journal reports.

Data from the Bank of Ghana shows the global price of gold rose steadily from around $2,334 per fine ounce in early 2024 to $3,218 in April 2025, a year-to-date increase of nearly 22%. This surge has significantly bolstered Ghana’s export revenue after a brief slowdown in Q1 2025.

In December 2024, gold export receipts hit a peak of $11.64 billion, before tapering off in early 2025 due to temporary market corrections and logistical challenges. However, the April recovery signals a return to growth momentum for one of Ghana’s most vital export sectors.

Economic analysts interviewed by Accra Street Journal attribute the rising global gold prices to ongoing geopolitical tensions, inflation fears, and increased investor demand for safe-haven assets. These macroeconomic shifts have reinforced gold’s appeal and, by extension, Ghana’s position as a key supplier on the global market.

Despite early-year disruptions, industry observers expect continued strength in Ghana’s gold export performance, particularly as international prices remain elevated and domestic production stabilizes.

The rebound not only helps to offset Ghana’s broader commodity revenue fluctuations—notably in oil and cocoa—but also underlines gold’s central role in the country’s economic resilience.

As Accra Street Journal continues to monitor Ghana’s macroeconomic indicators, gold remains a critical barometer for the country’s foreign exchange inflows and fiscal health.

Last Updated on May 24, 2025 by samboad