Ghana is taking a major step to capture more value from its gold resources by refining the metal locally rather than exporting it in raw form. The Ghana Gold Board (GoldBod) has partnered with Gold Coast Refinery to process gold from artisanal and small-scale miners, signaling a shift in the country’s approach to its mineral wealth.
Initially, the programme will refine about one metric ton of gold per year, reversing a long-standing trend in which almost all of the country’s gold output was exported unprocessed.
The initiative receives technical backing from South Africa’s Rand Refinery and is expected to help Accra secure global accreditation for its refining processes.
Officials say local refining will increase foreign exchange earnings, improve traceability of gold, create jobs, and enhance Ghana’s presence in the global gold market.
By keeping more of the gold value chain within the country, Ghana aims to strengthen economic benefits from its rich mineral resources while fostering sustainable mining practices.
