The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that Ghana will officially commence the local refining of one metric tonne of gold per week beginning February 1, 2026.
This strategic initiative represents a significant shift in national policy, moving the country away from its traditional reliance on raw mineral exports toward a value-added economic model. Central to this transition is a landmark agreement with Gold Coast Refinery, which includes a 15 percent state ownership stake for the government of Ghana.
According to Mr. Gyamfi, the program is designed to maximize national revenue by retaining substantial refining fees within the local economy that were previously paid to overseas facilities.
Beyond the financial gains, the move is expected to stimulate industrial growth and create numerous job opportunities within the domestic mining and processing sectors, ensuring that the nation captures the full economic benefits of its gold resources.
Ruth Abla ADJORLOLO
