GoldBod Directs All Gold Aggregators To Refine Gold Locally Before Export From Sept. 1

 

Accra – Aug. 26 – 24HourNews – Ghana’s Gold Board (GoldBod) has directed all Self-Financing Aggregators (SFAs) to refine their gold locally before export, in a move aimed at adding value to the country’s gold output.

 

The directive, which takes effect from September 1, 2025, applies to all SFAs and their approved offtakers.

 

Under the new requirement, every offtake agreement between an SFA and an approved offtaker must expressly provide for gold to be refined in Ghana before export. All existing agreements must be amended by August 31 to incorporate the mandatory local refining clause.

 

According to GoldBod, all refining must be carried out at a refinery approved or designated by the Board, and it reserves the right to determine which refinery handles particular gold consignments.

 

The cost of refining will be borne by either the SFA or the approved offtaker, depending on their commercial arrangement.

 

The Board further stated that from September 1, it will only process export requests after confirming that the gold has been refined locally, refining charges have been settled, and all regulatory and export requirements have been met.