Gold prices have surged to approximately US$4,000 per ounce, marking a historic high that could significantly benefit Ghana’s gold-export economy. Analysts attribute the rally to heightened geopolitical risks, a weakening U.S. dollar, and increased safe-haven demand for the precious metal.

Given that gold accounted for 64% of Ghana’s total exports in the first half of 2025 and contributes around 7% of the country’s GDP, the price spike presents a major opportunity for Ghanaian producers and government revenue. However, experts caution that the boost comes with risks: Ghana’s heavy reliance on gold earnings leaves it vulnerable to price swings and currency pressures.