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Ghana Gold Board clarifies local gold refining cost responsibilities
The Ghana Gold Board (GoldBod) has clarified that the costs associated with its mandatory domestic gold refining policy will be covered by self-financing gold aggregators and their approved foreign offtakers. According to GoldBod Media Relations Officer Prince Kwame Minkah, this arrangement follows the Ghana Gold Board Act, 2025 (Act 1140) and is intended to maximize the economic value of Ghana’s gold without placing a financial burden on the state. Minkah stated there will be “zero negative impact on state revenue” as refining charges are settled directly between private parties and local refineries before export documentation is cleared.
Separately, the Christian Council of Ghana has commended GoldBod for its commitment to transparency, responsible trading, and environmental sustainability. During a meeting with GoldBod leadership, the Council praised the institution's efforts to manage mineral resources with accountability.
GoldBod CEO Sammy Gyamfi highlighted several ongoing initiatives, including the expansion of local gold refining and jewelry production, the establishment of an international-standard fire assay laboratory, and environmental projects such as land reclamation and the rehabilitation of water systems impacted by mining activities.
Entities
Christian Council of Ghana · Dr Joyce Laco Steiner · Ghana Gold Board · Prince Kwame Minkah · Sammy Gyamfi
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The mandatory domestic refining policy will not negatively impact state revenue. newscenta.com
- [● 2 SOURCES] GoldBod is establishing an international-standard fire assay laboratory. onuaonline.com · starrfm.com.gh
- [○ 1 SOURCE] Gold aggregators and approved foreign offtakers will bear the costs of local gold refining. newscenta.com
- [● 3 SOURCES] The Ghana Gold Board Act, 2025 (Act 1140) governs the absorption of refining costs by private parties. newscenta.com · onuaonline.com · starrfm.com.gh
- [● 2 SOURCES] GoldBod is undertaking land reclamation and water system rehabilitation projects. onuaonline.com · starrfm.com.gh
- [● 2 SOURCES] GoldBod is working to expand local gold refining and jewelry production. onuaonline.com · starrfm.com.gh