80–90% of gold purchased and exported is now refined in Ghana– Sammy Gyamfi

He said the development was helping Ghana retain more economic value through job creation, refining fees and the use of silver, a by-product of gold refining, to support the country’s fabrication industry.

He said increased local refining was changing Ghana’s approach to adding value to its mineral resources, noting that refining gold locally before export was not the norm before the establishment of GoldBod.

Silver by-products support local industry Mr Gyamfi also highlighted the benefits of retaining silver, a by-product of gold refining, within the country.