Ghana is making significant strides in its industrial and economic transformation with the establishment of the Gold Coast Refinery, a state-of-the-art facility that will refine the country’s gold and boost its foreign exchange earnings.
The refinery, which has a refining capacity of up to 2 tonnes of gold per week, is a realization of a national vision first expressed by former President John Dramani Mahama in 2016.
It will enable Ghana to move beyond exporting raw gold and instead export fully refined Ghanaian gold, creating skilled jobs and strengthening the country’s foreign exchange earnings.
The government is also working with GoldBod to establish a modern fire assay laboratory before the end of the year, which will give Ghana the domestic scientific capacity to determine the true value and purity of its gold. This will improve royalty assessments, enhance transparency, and boost national revenue.
The establishment of the Gold Coast Refinery is a significant milestone in Ghana’s efforts to deepen value addition in its gold sector and promote economic growth and development.
