By Ashiadey Dotse
The Ghana Gold Board (GoldBod) has announced plans to supply up to one metric tonne of gold every week for local refining under a new partnership with Royal Ghana Gold Refinery, in a move aimed at increasing value addition and ensuring Ghana earns more from its mineral resources before export.
The agreement, signed between GoldBod and Royal Ghana Gold Refinery on Monday, May 25, 2026, forms part of the government’s strategy to strengthen local processing capacity and reduce dependence on the export of raw minerals.
The deal marks GoldBod’s second refinery partnership in 2026, following an earlier agreement with Gold Coast Refinery, as authorities intensify efforts to expand Ghana’s gold refining industry.
Speaking at the signing ceremony, the Chief Executive Officer of GoldBod, Sammy Gyamfi, said the initiative aligns with President John Dramani Mahama’s vision of ensuring that all minerals mined in Ghana are refined locally before export by 2030.
According to him, refining gold within the country will allow Ghana to retain refining fees, recover valuable mineral by-products, and create employment opportunities for citizens.
Mr Gyamfi added that strengthening local refining capacity would position Ghana as one of Africa’s leading gold refining hubs while supporting industrial growth and economic transformation.
The Bank of Ghana and Royal Ghana Gold Refinery also reaffirmed their commitment to supporting Ghana’s industrialisation agenda and advancing local value addition in the mining sector.
