GoldBod boosts local jobs as 90% of gold undergoes refining in Ghana – Sammy Gyamfi

He said the approach was helping to strengthen domestic industrial activity, create jobs and increase the economic returns from the country’s gold resources, while advancing GoldBod’s broader mandate of supporting foreign exchange generation and the regulation of Ghana’s gold trading sector.

The Ghana Gold Board (GoldBod) is strengthening local value addition in the gold sector, with between 80 and 90 per cent of the gold it purchases and exports now refined in Ghana, its Chief Executive Officer, Sammy Gyamfi, has disclosed.

Speaking before Parliament’s Public Accounts Committee on Tuesday, October 13, Mr Gyamfi said the shift towards local refining represented a significant departure from previous practices, under which much of the country’s gold was exported without being refined locally.