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Trade & Economy

Ghana mandates local gold refining before export to capture more economic value

Friday, 4 September 2026, 06:20 · 1 min read

Ghana has ordered gold exporters known as Self-Financing Aggregators to refine semi-processed gold domestically before shipping it abroad, under a directive that took effect on 1 September. The Ghana Gold Board (GoldBod), the authority established under a 2025 law to oversee the country's gold trade, says the move is designed to capture refining margins that have historically been lost to overseas processors — potentially creating local jobs and feeding industries such as jewellery manufacturing. The policy comes as Ghana's gold export earnings nearly doubled to around $20bn in 2025, intensifying government pressure to bring more of the gold value chain under domestic control.

Sources
Al Jazeera English — Ghana tightens gold exports in push to keep more value at home ↗︎
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