The Ghana Gold Board (GoldBod) has signed a landmark refinery agreement with Royal Ghana Gold Limited in a significant move aimed at advancing Ghana’s mineral value addition agenda.
Under the agreement, GoldBod will supply up to one metric tonne of gold each week for local refining, in line with the government’s broader objective of ensuring Ghana derives greater economic value from its mineral resources before export.
The partnership is expected to strengthen local refining capacity, support industrial growth, and enhance Ghana’s position within Africa’s gold processing industry.
The deal also represents GoldBod’s second refinery partnership in 2026, following an earlier agreement with Gold Coast Refinery as efforts intensify to expand domestic mineral processing and reduce reliance on raw exports.
Officials say the initiative forms part of a wider strategy to promote value addition, job creation, and sustainable economic transformation within Ghana’s mining sector.
Speaking at the signing ceremony, Sammy Gyamfi reaffirmed President John Dramani Mahama’s commitment to ensuring that all mineral resources mined in Ghana are refined locally before export by 2030.
According to the GoldBod Chief Executive Officer, the policy forms part of the government’s broader strategy to promote value addition, strengthen local industry, and maximise the economic benefits derived from the country’s natural resources.
He noted that refining minerals locally would help Ghana retain more revenue within the economy, create jobs, boost industrialisation, and position the country as a major player in mineral processing across Africa.
Sammy Gyamfi further described the initiative as a critical step towards transforming Ghana’s extractive sector and driving long-term economic growth through sustainable resource management.
According to him, the agreement is expected to significantly enhance Ghana’s gold value chain by helping the country retain refining fees, recover valuable by-products, create employment opportunities, and strengthen its position as a leading gold refining hub in Africa.
He noted that the partnership forms part of broader efforts to promote value addition within the mining sector while reducing the export of unrefined gold.
The Bank of Ghana and Royal Ghana Gold Limited also reaffirmed their commitment to supporting Ghana’s industrialisation and economic transformation agenda.
According to the institutions, the collaboration is expected to contribute to sustainable economic growth, enhance local capacity in gold refining, and strengthen the country’s competitiveness within the global precious minerals industry.