The Ghana Gold Board (GoldBod) has signed a landmark refinery agreement with Royal Ghana Gold Limited in a significant move aimed at deepening Ghana’s mineral value addition and industrialisation agenda.
Under the agreement, GoldBod will supply up to one metric tonne of gold every week to Royal Ghana Gold Limited for local refining, a development expected to strengthen government’s efforts to ensure that Ghana benefits fully from its mineral wealth before export.
The partnership represents GoldBod’s second major refinery agreement in 2026 following an earlier deal with Gold Coast Refinery, signalling a renewed national drive to position Ghana as a leading gold refining hub in Africa.
Speaking at the signing ceremony, Chief Executive Officer of GoldBod, Sammy Gyamfi Esq., reaffirmed President John Dramani Mahama’s commitment to ensuring that by 2030, all mineral resources mined in Ghana are refined locally before export.
According to him, the initiative forms part of a broader strategy to retain more value within the Ghanaian economy, create sustainable jobs, increase foreign exchange earnings and accelerate industrial growth.
He noted that local refining would enable the country to retain refining fees that are often lost to foreign processors while also allowing Ghana to recover valuable by-products associated with gold refining.
Mr. Gyamfi further stated that the agreement demonstrates government’s determination to transform the mining sector from a raw material export industry into a value-driven industrial sector capable of supporting long-term economic transformation.
Representatives of the Bank of Ghana and Royal Ghana Gold Limited also pledged their commitment to supporting the initiative, stressing the importance of strategic partnerships in driving Ghana’s industrialisation agenda and strengthening the country’s global competitiveness in the gold industry.
The agreement is widely expected to boost investor confidence in Ghana’s mining and refining sectors while reinforcing the country’s ambition of becoming a major centre for gold processing and value addition on the African continent.
