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The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi Esq., has announced that the Board, in partnership with the Bank of Ghana, will collaborate with local refineries such as the Gold Coast Refinery to begin refining gold locally. This move aims to end Ghana’s heavy reliance on exporting raw gold.
Speaking at the Mining and Mineral Conversion Conference in Accra on Tuesday, September 9, 2025, Mr. Gyamfi described it as a “national shame” that Ghana, despite being a continental leader in gold production, still exports doré (raw gold) instead of bullion (refined gold). He emphasized that the Mahama-led administration’s reset agenda seeks to urgently change this narrative by prioritizing value addition.
The Gold Board has secured land at the Cargo Village of the Kotoka International Airport to construct an ultra-modern ISO-certified Assay Laboratory, which will upgrade Ghana’s assay regime to the international gold standard of fire assay. Plans are underway to establish a wholly state-owned international-standard gold refinery to support the local refining agenda. A “Gold Village” will be developed in Ghana, envisioned as a continental hub for gold jewellery and ornament production.
Mr. Gyamfi urged financial institutions to play a critical role in supporting investments in refining, minting, and fabrication of minerals into jewellery, coins, tablets, and other castings for both domestic use and exports. He stressed that the mining sector must move from raw exports to beneficiation, from middlemen to tech-enabled trade, and from youth as laborers to youth as innovators and owners.
By: epos/mbn360.com
