Why Ghana has banned unrefined gold exports—GoldBod official provides details

The government’s decision to prohibit the export of unrefined gold doré is intended to move Ghana beyond the role of a supplier of raw minerals and enable the country to capture greater economic value from its gold resources, the Ghana Gold Board (GoldBod) has said.“So the biggest change is that Ghana is moving primarily from being just an exporter of raw minerals to becoming a country that captures more value from its gold,” he said.

According to the GoldBod Media Relations Officer, Prince Kwame Minkah, the policy is the latest step in Ghana’s efforts to reform the gold-trading industry, strengthen formalisation and ensure that more activities associated with gold processing and trading take place locally.