GoldBod bans export of unrefined gold dore, effective 1st September
The Ghana Gold Board (GoldBod) has directed all Self-Financing Aggregators (SFAs) to refine gold doré locally before it can be exported from Ghana in a move aimed at deepening value addition in the country’s gold industry.
The Ghana Gold Board (GoldBod) has announced a new regulation effective September 1, 2026, prohibiting the export of unrefined gold dore from the country. This directive targets Self-Financing Aggregators (SFAs) and their approved offtakers, mandating that all gold doré must be refined locally before leaving Ghana. The rule is part of GoldBod's mandate under the Ghana Gold Board Act 2025 (Act 1140) to ensure value addition within the nation's gold industry.
GoldBod states that all refining must occur at an approved or designated refinery in line with regulatory standards, with the cost of refining to be borne by either the SFA or the approved offtaker based on their commercial agreement. The Board reserves the right to choose the refinery for specific gold consignments and issue further operational directives.
Existing contracts must be updated by August 31, 2026, to comply with the mandatory local refining requirement. GoldBod will not process export requests post-September 1 until it verifies that the gold has been refined in Ghana, the refining charges settled, and all necessary regulatory and export conditions met. Violations of this new rule could lead to severe penalties, including the suspension or revocation of SFA licenses, administrative sanctions, and other enforcement actions as permitted by the Ghana Gold Board Act, applicable regulations, and GoldBod directives.
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