The Ghana Gold Board is set to commence local gold refining in October 2025, following a new collaboration with the Bank of Ghana and local refineries.
Sammy Gyamfi, the Chief Executive Officer of the Gold Board, announced this initiative during the inaugural Mining and Minerals Convention in Accra on Tuesday, September 9.
He stated that this decision is part of a larger strategy aimed at enhancing value addition within the gold sector and strengthening Ghana’s economic resilience.
“It is a national disgrace that, despite being a long-standing leader in production on the continent, Ghana continues to export doré, which is raw gold, rather than bullion. The Ghana Gold Board, under my leadership, is committed to altering this situation as a matter of urgency.
“In alignment with President Mahama’s reset agenda, the Gold Board, in collaboration with the Bank of Ghana, is partnering with local refineries, including the Gold Coast Refinery, to initiate the local refining of gold that is purchased and exported by the Gold Board, with this process set to begin next month, in October 2025.”
