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Who buys Ghana’s gold? Export destinations 2024

In 2024, Ghana exported $5.9 billion of gold (90 tonnes), 1.1% of the world total. Switzerland bought 71% of the total, followed by India (19%) and South Africa (5%). Ghana was the world’s 21st-largest exporter of gold.

Summary

Value
$5.9billion
Tonnes
90tonnes
Share of world total
1.1%
World rank
21st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 16 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Switzerland4.2Tonnes: 62USD per tonne: $67,012,37870.6%Air
India1.1Tonnes: 16USD per tonne: $69,007,81218.8%Air
South Africa0.3Tonnes: 4USD per tonne: $77,766,6405%Air
Uganda0.22Tonnes: 3USD per tonne: $71,173,9033.8%Air
Hong Kong re-exports0.05Tonnes: 1USD per tonne: $74,319,7210.89%Air
Turkey0.04Tonnes: 1USD per tonne: $62,267,2420.66%Air
Benin0.01Tonnes: 3USD per tonne: $1,649,3370.09%Air
Italy< 0.01Tonnes: 0USD per tonne: $59,482,7220.08%Air
Lebanon< 0.01Tonnes: 0USD per tonne: $72,495,9050.05%Air
United States< 0.01Tonnes: 0USD per tonne: $41,263,7390.02%Air
Austria< 0.01Tonnes: 0USD per tonne: $79,017,0000.01%Air
Singapore re-exports< 0.01Tonnes: 0USD per tonne: $76,151,0000%Air
Japan< 0.01Tonnes: 0USD per tonne: $76,025,3330%Air
Canada< 0.01Tonnes: 0USD per tonne: $56,407,6670%Air
Portugal< 0.01Tonnes: 0USD per tonne: $78,477,0000%Air
South Korea< 0.01Tonnes: 0USD per tonne: $50,009,0000%Air

Trend

Who it sells to

Switzerland has been its main destination since 2019

Value in USD billions. The five largest destinations in 2024.

  • Switzerland 4.2
  • India 1.1
  • South Africa 0.3
  • Uganda 0.22
  • Hong Kong 0.05

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland< 0.014.2
India01.1
South Africa00.3
Uganda00.22
Hong Kong00.05

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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