GoldBod signs refinery agreement with Royal Ghana Gold Refinery to boost local value addition

Under the agreement, GoldBod will supply up to one metric tonne of gold every week to the refinery for local processing, a move aimed at ensuring that more of Ghana’s gold is refined within the country before export.

The deal represents GoldBod’s second refinery partnership in 2026, following an earlier agreement signed with Gold Coast Refinery.

Speaking at the signing ceremony, GoldBod Chief Executive Officer Sammy Gyamfi reiterated President John Dramani Mahama’s vision of ensuring that all minerals extracted in Ghana are refined locally before being exported by the year 2030.

According to him, the initiative forms part of broader government efforts to maximise the economic benefits derived from the country’s mineral resources.

The partnership is expected to help Ghana retain refining revenues, recover valuable by-products from gold processing, create employment opportunities, and position the country as a major gold refining hub on the African continent.

The Bank of Ghana and Royal Ghana Gold Refinery also pledged their commitment to supporting Ghana’s industrialisation drive and long-term economic transformation agenda through enhanced local refining and value addition.