We present GRaM-X (General Relativistic accelerated Magnetohydrodynamics on AMReX), a new GPU-accelerated dynamical-spacetime general relativistic magnetohydrodynamics (GRMHD) code which extends the GRMHD capability of Einstein Toolkit to GPU-based exascale systems. GRaM-X supports 3D adaptive mesh refinement (AMR) on GPUs via a new AMR driver for the Einstein Toolkit called CarpetX which in turn leverages AMReX, an AMR library developed for use by the United States DOE’s Exascale Computing Project. We use the Z4c formalism to evolve the Einstein equations and the Valencia formulation to evolve the equations of GRMHD. GRaM-X supports both analytic as well as tabulated equations of state. We implement TVD and WENO reconstruction methods as well as the HLLE Riemann solver. We test the accuracy of the code using a range of tests on static spacetime, e.g. 1D magnetohydrodynamics shocktubes, the 2D magnetic rotor and a cylindrical explosion, as well as on dynamical spacetimes, i.e. the oscillations of a 3D Tolman-Oppenheimer-Volkhof star. We find excellent agreement with analytic results and results of other codes reported in literature. We also perform scaling tests and find that GRaM-X shows a weak scaling efficiency of ∼40%–50% on 2304 nodes (13824 NVIDIA V100 GPUs) with respect to single-node performance on OLCF’s supercomputer Summit.