The Ghana Gold Board (GoldBod), on Tuesday, January 20, 2026, signed a landmark agreement with Gold Coast Refinery to refine gold locally, marking a key milestone in strengthening Ghana’s gold sector.
The partnership is designed to cut Ghana’s reliance on exporting raw gold, a long-standing practice that has led to substantial revenue losses that could instead be captured through domestic refining and processing.
Gold sourced from both artisanal and large-scale mines will now be refined locally for trade and export, boosting Ghana’s presence in the global gold market.
Speaking in Accra at the signing, GoldBod CEO Sammy Gyamfi said the agreement will enhance the gold sector’s track-and-trace system.
He added that Ghana’s daily gold exports of about one tonne will now meet a refined purity of 99.9 per cent.
“This is a major milestone for Ghana’s gold trade and will help us maximise national benefits from our mineral resources,” Gyamfi said.
He also emphasised the economic impact: “The millions of dollars previously spent on refinery charges in Dubai, Switzerland, India, Hong Kong, and other countries will now stay in our economy.”
Regarding employment, he noted, “This agreement also means creating more direct and indirect jobs, especially since Gold Coast Refinery will run 24/7 in line with the government’s 24-hour policy.”
GoldBod underscored that the deal will retain more of the gold value chain within Ghana, ensuring the nation captures maximum benefits from its status as Africa’s top gold producer.
