The Acting Chief Executive Officer of GoldBod, Sammy Gyamfi, has revealed that the state-owned gold trading entity will commence full operations in the first week of May 2025.
GoldBod has been granted exclusive rights to purchase, sell, weigh, grade, assay, and export gold and other precious minerals in Ghana. Its operationalization is expected to be a significant step in actualizing the government’s vision to enhance value addition in the country’s mineral resource sector.
Mr. Gyamfi made the announcement during a courtesy visit to the CEO of Gold Coast Refinery, where he reaffirmed GoldBod’s commitment to reviving Ghana’s mineral refining capabilities.
“GoldBod’s activation will set into motion the government’s vision to add value to our mineral resources,” he stated.
He recounted that the Gold Coast Refinery, commissioned by former President John Dramani Mahama on November 11, 2016, had been left inactive for the past eight years under the previous NPP administration.
“This is the sad story of the biggest gold refinery in West Africa, located here in Accra – the Gold Coast Refinery. But we at GoldBod, as part of our value addition strategy, are determined to get this refinery working again, with a clear pathway to achieving LBMA accreditation to deliver maximum benefits to the nation,” Mr. Gyamfi said.
He further outlined GoldBod’s short-term plan, which includes transitioning Ghana from the export of unrefined gold (dore bars) to refined gold (bullion), in partnership with Gold Coast Refinery and other local refining companies.
“The exciting news is that Ghana, through GoldBod, now maintains a 15% free carried interest in this beautiful refinery, thanks to the visionary leadership of H.E. John Dramani Mahama,” he added.
Source: Ghana/StarrFM103.5FM/Benjamin Sackey
