5-6-2025
Ghana plans to stop the export of raw gold by 2026 in a bid to improve earnings from the gold mining sector.
The Ghana Gold Board (GoldBod) said it was working with local refineries to shift from exporting doré—semi-processed gold—to fully refined bullion.
“We will soon move Ghana away from the export of doré to bullion in the short to medium term,” said Acting Chief Executive of GoldBod, Mr Sammy Gyamfi,
“This international standard assay lab will make sure that all gold exported from Ghana is subjected to fire assay for accurate purity determination and valuation.”
The shift is expected to increase Ghana’s earnings from gold exports, as refined bullion sells at higher prices on the global market compared to semi-processed gold.
Ghana’s small-scale mining sector has emerged as the country’s leading gold producer. Between January and May 2025, GoldBod purchased and exported 41.5 tonnes of gold worth around $4 billion, overtaking large-scale mining firms for the first time.
In May alone, small-scale miners sold 11 tonnes of gold to GoldBod, valued at $1.172 billion, according to figures presented at the summit.