The Ghana Gold Board (GoldBod) has unveiled an ambitious plan to initiate domestic gold processing and refining starting October 2025, aiming to elevate value retention and economic gains from its gold reserves. The announcement was made during the recently held 2025 Minerals and Mining Convention in Accra by CEO Sammy Gyamfi.
Partnering with the Bank of Ghana, GoldBod will collaborate with accredited local refineries to conduct the refining process—a strategic move designed to deepen Ghana’s value chain, increase revenue, and enhance the nation’s standing in the global gold market.
Sammy Gyamfi emphasized the significance of this initiative in shifting from exporting raw gold to refined bullion. “It is a national shame that, as a long-standing gold producer, Ghana continues to export doré—raw gold—instead of bullion. We're determined to change that urgently,” he asserted.
In conjunction with refining investments, GoldBod is developing an ISO-certified fire assay laboratory near Kotoka International Airport’s Cargo Village. This state-of-the-art lab will replace outdated X-ray fluorescence (XRF) and water density testing methods with the more accurate fire assay technique for both small- and large-scale gold outputs.
This transition is expected to lower reliance on foreign facilities, reduce costs, and instill greater confidence among investors. GoldBod’s efforts align with broader governmental priorities that underscore sustainable resource utilization, enhanced local ownership in extraction industries, and overall economic resilience.
