Ghana tightens gold exports in push to keep more value at home
Summary
Ghana now requires some gold exporters to refine their semi-processed gold locally before shipping it abroad. This rule aims to keep more money and jobs inside Ghana by increasing local processing of the country's gold.Key Facts
- Starting September 1, some gold exporters in Ghana must refine gold dore (semi-processed gold) in Ghana before exporting it.
- The Ghana Gold Board issued this rule based on a 2025 law that controls gold buying, selling, refining, and exporting.
- The policy aims to help Ghana capture more value and profits from its gold industry instead of sending that value overseas.
- Ghana has four licensed gold refineries, including Gold Coast Refinery and Royal Ghana Gold Refinery.
- The government hopes local refining will create jobs and support industries like jewelry making.
- Ghana produced about six million ounces (185 tonnes) of gold in 2025, with both large and small-scale mining activities.
- GoldBod plans to build the largest gold refinery in Africa within Ghana.
- Existing export contracts must be changed to follow the new local refining rule before being approved.
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