GoldBod signs second refinery deal, one tonne of gold weekly to be refined locally as Ghana bids to end raw mineral exports by 2030.
The Ghana Gold Board (GoldBod) has signed a refinery agreement with Royal Ghana Gold Refinery Limited to refine gold locally as part of the government’s agenda to end the export of raw minerals by 2030. Under the deal, GoldBod will supply up to one tonne of gold weekly for refining, marking its second refinery partnership in 2026 after an earlier agreement with Gold Coast Refinery. Speaking at the signing ceremony in Accra, GoldBod CEO Sammy Gyamfi said the initiative aligned with President John Dramani Mahama’s vision to ensure all minerals mined in Ghana are refined locally before export, adding that the partnership would help retain refining fees, recover valuable by-products, create jobs and position Ghana as a leading gold refining hub in Africa. Governor of the Bank of Ghana, Johnson Asiama, said value addition to natural resources would improve Ghana’s balance of payments, create jobs and increase revenue, while refinery CEO Eric Frimpong said the facility had the capacity to operate continuously under the government’s 24-hour economy programme and aimed to secure London Bullion Market Association accreditation.
