The Ghana Gold Board (GoldBod) is working towards ending Ghana’s export of raw minerals by 2030, as part of efforts to retain more value from the country’s gold resources through local refining and processing.
Chief Executive Officer Sammy Gyamfi said GoldBod had entered into refining services agreements with two privately owned local refineries, Gold Coast Refinery and Royal Ghana Gold Refinery.
The two facilities have cumulatively refined 25 tonnes of ASM gold purchased and exported by GoldBod in 2026, representing about 30 per cent of the 85.4 tonnes exported as of October 20.
Delivering a keynote address at the African Minerals Policy Forum – Mining in Motion 2026, Mr Gyamfi said local refining had accelerated significantly since August.
He disclosed that 18.7 tonnes of ASM gold had been refined locally since August 1, while 5.4 tonnes out of the 5.7 tonnes purchased by GoldBod in October had undergone local refining.
“Under the visionary leadership of H.E. President John Mahama, the GoldBod is fast-changing Ghana’s tragic story of 100% raw mineral export as at the end of 2024, to zero raw mineral export by the end of 2030,” he said.
Mr Gyamfi added that the two refineries were working towards obtaining London Bullion Market Association accreditation within three to five years, with regulatory guidance from GoldBod.