Ghana's recently implemented gold trading policy, which centralizes gold procurement under the Ghana Gold Board (GoldBod) and necessitates the exit of foreign entities from the local market, aims to increase government revenue and reduce gold smuggling. This policy, coupled with a surge in global gold prices, is expected to significantly enhance Ghana's gold exports and revenue from small-scale mining. A more detailed analysis is as follows: Centralization and Increased Revenue: By granting GoldBod exclusive buying power, the government seeks to regulate the gold trade, prevent smuggling, and ensure that Ghana captures a larger share of its gold revenue. GoldBod aims to generate $6 billion in ASM gold revenue by the end of 2025 and double that to $12 billion in 2026, according to Ecofin Agency.