The Ghana Gold Board (GoldBod) has announced plans to begin local processing and refining of gold in October 2025, as part of major reforms aimed at boosting the country’s gold production.
Speaking at the 2025 Minerals and Mining Convention in Accra, Mr. Gyamfi explained that the move forms part of the board’s broader expansion strategy to ensure more value addition within Ghana before the country’s gold is exported.
According to him, GoldBod is partnering with the Bank of Ghana to work with accredited domestic refineries to handle the refining process.
He noted that the collaboration is designed to strengthen Ghana’s gold value chain, improve revenue generation, and position the country as a key player in the global gold market.
“This is a significant milestone in our quest to retain more value from Ghana’s natural resources. Refining gold locally before export will not only enhance revenue but also create jobs and ensure stronger linkages with other sectors of the economy,” Mr. Gyamfi stated.
The local refining initiative is expected to reduce the reliance on foreign facilities, cut processing costs, and boost investor confidence in Ghana’s mining sector.
Industry watchers say the development ties in with government’s broader agenda of increasing local participation in the extractive industry, while promoting sustainable resource management.