Kathmandu— Ghana's government has implemented a new regulation requiring gold exporters to refine gold dore locally before shipping it abroad, effective September 1, as part of efforts to capture more value from the country's gold industry and develop a domestic refining sector.

Policy Implementation Details

The Ghana Gold Board (GoldBod) issued a directive on August 24 that bars Self-Financing Aggregators (SFAs) from exporting gold dore purchased under arrangements with approved offtakers unless it has been refined in Ghana. The regulation implements the Ghana Gold Board Act, 2025, which established GoldBod as the authority overseeing gold transactions in the country.

GoldBod required SFAs to amend existing offtake agreements by August 31, with export applications only processed after confirming local refinement, payment of applicable charges, and compliance with other regulatory requirements. The move aims to prevent Ghana from losing value to overseas processors, as dore is semi-refined gold requiring further processing before becoming bullion.

The policy is expected to take effect fully by September 1, with GoldBod monitoring compliance through its Compliance Directorate and enforcing sanctions for violations.

(With inputs from Al Jazeera)

More from the source

Originally published on abcnews.com.np.