Government has announced a US$1billion gold industry revolution anchored on value addition, environmental responsibility and job creation.
Chief Executive Officer-Ghana Gold Board (GoldBod) Sammy Gyamfi unveilled these reforms at the maiden Mining and Minerals Convention (MMC 2025) in Accra, declaring an end to the era of raw gold exports and pledging to reposition Ghana as a hub for refined bullion.
“As part of the reset agenda, we are determined to begin local refining of gold purchased and exported by GoldBod,” Mr.Gyamfi stated.
At the reforms’ centre is a US$1bn partnership with Goldstream Global DMCC to establish over 300 environmentally responsible mines nationwide, projected to generate more than 1,000 jobs and significantly boost output.
Signed in August and expected to transform into a full commercial agreement in November, the deal falls under GoldBod’s Mining Support Programme (MSP).
GoldBod has secured land at Kotoka International Airport for constructing a state-owned international-standard gold refinery and an ISO-certified assay laboratory. The facilities will anchor Ghana’s transition from exporting doré to refined, high-value gold products.
In addition, Mr. Gyamfi disclosed plans to roll out a nationwide digital gold traceability system by year-end, ensuring every gramme of gold is linked to licenced, compliant mines.
The inaugural Mining and Minerals Convention, organised by Meetings.Co in partnership with the Ministry of Lands and Natural Resources, Minerals Commission and GoldBod, brought together policymakers, industry players, financiers and sustainability experts.
The convention seeks to unlock greater value through spanning policy, regulation, ESG, local content, financing and digital innovation.
Sammy Gyamfi declared the country is committed to optimising national benefit from the exploitation and trading of natural resources for the development of our country and the wellbeing of our citizens.
Ghana Gold Board serves as the central institution driving this transformation, regulating and streamlining the gold trade while boosting transparency and efficiency across the sector.
Between January and August 2025, small-scale gold exports hit a record 66.7 tonnes valued at US$6billion, surpassing the entire 2024 total of 63 tonnes worth US$4.6billion. This achievement demonstrates the effectiveness of regulatory reforms and formalisation efforts.
“We are proving that when resource wealth is combined with bold thinking, Africa can achieve greatness,” Gyamfi added.
The post Editorial: Resetting Gold Narrative appeared first on The Business & Financial Times.
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