The Ghana Gold Board will start refining gold locally from October 2025, marking a major milestone in the country’s quest for greater value addition in its gold sector.
This initiative, forged through a partnership with the Bank of Ghana and local refineries such as the Gold Coast Refinery, was announced by the Gold Board’s CEO, Sammy Gyamfi, at the inaugural Mining and Minerals Convention in Accra on Tuesday, September 9.
Gyamfi described the move as a crucial step in strengthening Ghana’s economic resilience and advancing the reset agenda of President Mahama.
“It is a national shame that, as a long-standing continental leader in production, Ghana continues to export doré, that is, raw gold instead of bullion. The Ghana Gold Board, which I lead, is determined to change this narrative as a matter of urgency,” he emphasized.
He further explained that the new arrangement will see the Gold Board, in partnership with the Bank of Ghana and local refineries, begin refining gold purchased and exported by the Board starting in October 2025.
The initiative aims to ensure that more value is added locally, transforming Ghana’s gold exports from raw doré to refined bullion and contributing to the nation’s economic development.
Source: Apexnewsgh.com
