A historic agreement to refine gold locally is signed by GoldBod and the Gold Coast refinery.
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A significant step towards strengthening value addition within Ghana’s gold industry was taken on Tuesday, January 20, 2026, when the Ghana Gold Board (GoldBod) and Gold Coast Refinery signed a historic gold refining deal.
The cooperation aims to lessen Ghana’s long-standing reliance on exporting raw gold, which has historically resulted in large revenue losses that could be recovered through downstream processing and domestic refining.
Ghana’s position in the global gold value chain will be strengthened by the agreement, which calls for the local refinement of gold from both artisanal and large-scale mining activities for trade and export.
GoldBod CEO Sammy Gyamfi stated during the signing ceremony in Accra that the deal will greatly improve the track-and-trace system’s deployment throughout the gold industry.
He explained that Ghana will now export about one tonne of gold per day in refined form, meeting the highest industry requirement of 99.9% purity.
“This development marks a major milestone in Ghana’s gold trade and will help maximise national benefits from our mineral resources,” Mr. Gyamfi stated.
“The millions of dollars we pay as refinery charges to refineries in Dubai, Switzerland, India, Hong Kong, and other foreign countries will now stay in our banking sector, that money will now stay in our economy.”” he said, emphasising the economic advantages
He said, “What this agreement also means is that we are creating more direct and indirect jobs, particularly because Gold Coast Refinery has committed to operating 24/7 in line with the government’s 24-hour policy.”
The cooperation will help anchor more of the gold value chain within Ghana, according to GoldBod, ensuring that the nation gets the most out of its status as Africa’s top gold producer.
Source: newsthemegh.com
