Gold mining giants in Ghana, including Newmont, Gold Fields, and AngloGold Ashanti, support new government tests to certify the value of their exports. These tests, alongside customs checks and internal company assessments, aim to tighten sector control and ensure proper taxation. Ghana, Africa’s second-largest gold producer, earned $5.78 billion from gold exports last year, a 17.6% increase from 2016.

The government is reviving a law requiring the Precious Minerals Marketing Company (PMMC) to certify all mining firm exports. The Chamber of Mines, led by Kwame Addo-Kufuor, has collaborated with PMMC to implement this directive. PMMC officials now have permanent access to gold rooms for process observation and sample analysis.

President Nana Akufo-Addo highlighted that $5 billion in gold export revenue to the UAE was unaccounted for, likely due to smuggling by artisanal miners. The government continues to enforce a ban on small-scale mining to combat illegal operations.