GoldBod seals deal to augment gold value addition in Ghana

The Ghana Gold Board has signed a strategic agreement with Royal Ghana Gold Refinery, aimed at enhancing value addition in Ghana's gold sector prior to export.

This partnership, the second of its kind by GoldBod, is anticipated to minimize gold purity losses during refining and augment the value the country earns from its gold exports.

According to Sammy Gyamfi, Chief Executive Officer of GoldBod, the agreement forms part of the government's broader strategy to maximize returns from Ghana's mineral resources and build a more resilient economy through value addition.

"His Excellency has been very clear that once private investors have made investments, the government must provide a favorable environment for them to thrive, irrespective of when they were incorporated. We therefore operate without any discrimination, respecting private investments by all parties. We are happy to have you here.

The agreement we are signing with you is similar to the one we signed with Gold Coast Refinery. It will allow you to refine up to one metric tonne of gold every week, depending on your operational capacity.

With the supplies available, thanks to the support we received from the Bank of Ghana, we are able to purchase an average of 2.5 metric tonnes of gold every week. It is our aspiration that all the gold we acquire from the small-scale sector can be refined here in Ghana."