7.1 tonnes of GoldBod-purchased gold refined locally in 2026 – Sammy Gyamfi

A total of 7.1 metric tonnes of gold purchased by the Ghana Gold Board (GoldBod) in 2026 have been refined locally, Chief Executive Officer Sammy Gyamfi has disclosed.

He said the development was helping Ghana retain refining fees while supporting job creation and economic activity.

Speaking during a Space conversation on X on Sunday, August 9, 2026, Mr Gyamfi said local refineries had the capacity to produce gold of high purity, although existing capacity remained insufficient to process all the gold purchased by GoldBod.

“Some refineries will give you minimum 99.5 without more, others will give you 999, or four nines or five nines, depending on the kind of processes they have,” he said.

He explained that some Ghanaian refineries were capable of producing gold with purity levels close to 24-carat gold.

“So the refineries we have in Ghana are able to give us three nines. Royal Gold can give us three nines. Gold Coast can even give us four nines because they have the capacity to do electrolysis that can give you that kind of purity, which means that the metal that comes from the refinery is now pure gold, almost close to 24 karat gold,” he said.

Mr Gyamfi said GoldBod currently exports refined gold to its international counterparties but was unable to refine all the gold it purchases locally due to capacity constraints.