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Ghana to refine gold locally before export in major value-addition shift

The Ghana Gold Board signs a gold refining agreement with Gold Coast Refinery Company. Photo: Goldbod/Facebook
The Ghana Gold Board signs a gold refining agreement with Gold Coast Refinery Company. Photo: Goldbod/Facebook
  • Ghana mandates local gold refining from February 2026
  • Move aims to capture value as global gold prices hit records

 

ACCRA, GHANA – Ghana will begin refining part of its gold domestically before export from February, a policy shift aimed at capturing more value as global prices surge to record highs.

Africa’s largest gold producer has signed a strategic agreement with Gold Coast Refinery Limited to refine one metric tonne of gold per week locally starting February 1, 2026. The move marks a decisive break from Ghana’s long-standing reliance on exporting raw or semi-processed gold to offshore refineries.

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