Ghana Gold Export 2026 Market Overview & Trends

Ghana's export value shows a consistent upward trend, rising from $5.12 billion in 2021 to $7.65 billion in 2023. Notably, while the export value increased in 2023, the total quantity decreased from 3.8 million to 3.1 million units compared to 2022, suggesting a significant increase in the unit price of gold during this period.

Switzerland is the leading importer of Ghanaian gold, accounting for $3.07 billion in 2023. The United Arab Emirates and South Africa follow as major partners, with import values of approximately $1.66 billion each. India and Turkey represent secondary markets, contributing $952 million and $244 million respectively to the total export profile.

Turkey stands out as the fastest-growing emerging market with a 49.9% growth rate. Other notable growth is seen in China (15.9%) and South Korea (15.6%). While the UAE remains a top importer by value, its growth rate is more modest at 4.26%, signaling a shift toward higher momentum in Eurasian markets.

Ghana's exports are heavily dominated by semi-manufactured gold (HS 710813), which reached a total value of $7.63 billion in 2023. Other gold and silver products (HS 710812) represent a significantly smaller portion of the trade, valued at approximately $22.47 million.