Ghana Gold Board (GoldBod), will start refining gold locally from October 2025 under a new partnership with the Bank of Ghana and local refineries.
The Chief Executive Officer of the Gold Board, Sammy Gyamfi, made this announcement at the maiden Mining and Minerals Convention in Accra on Tuesday, September 9, 2025.
In his opinion, the decision to produce locally is also within a broader push to increase value addition in the gold sector and Ghana's economic resilience.
"It is a national shame that, as a long-standing continental leader in production, Ghana is still exporting doré, that is, raw gold instead of bullion.
The Ghana Gold Board, which I head, is committed to reversing this narrative as a matter of urgency.".
As part of President Mahama's reset agenda, the GoldBod, in conjunction with the BoG, is involving local refineries such as the Gold Coast Refinery to start the local refining of gold purchased and exported by the GoldBod, and this will begin next month, October 2025, he said.
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