The Ghana Gold Board has signed a landmark agreement with to supply up to one metric tonne of gold every week for local refining, in a move aimed at boosting value addition in Ghana’s gold sector and strengthening the country’s industrialisation drive.
The agreement, announced by the Gold Board on Sunday May 24, 2026, forms part of broader efforts to position Ghana as a major gold refining hub on the African continent.
Under the partnership, locally sourced gold will be refined within the country instead of being exported in raw form, a development expected to increase revenue retention and create more jobs across the mineral value chain.
According to the Gold Board, the partnership aligns with Ghana’s mineral value addition agenda and reflects government’s commitment to promoting local industries through strategic investments in refining and processing capacity.
The signing ceremony brought together officials from both institutions, with representatives describing the agreement as a major milestone in Ghana’s quest to maximise benefits from its natural resources.
Chief Executive Officer of the Gold Board, Sammy Gyamfi, highlighted the importance of local refining in strengthening the country’s economy and reducing dependence on external processing markets.
Industry analysts say the deal could significantly enhance Ghana’s standing in the global gold trade if implemented successfully.
Ghana remains Africa’s leading gold producer, but much of its gold has traditionally been exported in unrefined form, limiting the country’s ability to fully benefit from downstream value addition.
The agreement is also expected to support employment creation within the mining and manufacturing sectors while encouraging technology transfer and skills development in gold refining.
Observers believe the initiative could attract further investment into Ghana’s mineral processing industry and help build a stronger domestic gold ecosystem capable of competing internationally.
The Gold Board described the partnership as a strategic step toward transforming Ghana into a leading centre for gold refining in Africa while ensuring greater economic value from the country’s mineral wealth remains within the local economy.
CREDIT: Mavis Fantevi
