{
  "id": 15762058,
  "title": "GoldBod Refinery Partnerships Push Local Gold Processing to 94.6% in October",
  "url": "https://urgent.news/2026/10/20/goldbod-refinery-partnerships-push-local-gold-processing-to-94-6-in",
  "topic": "world",
  "section": "World",
  "published": "2026-10-20T14:56:56.000Z",
  "source": {
    "name": "GBC Ghana",
    "slug": "gbc-ghana",
    "url": "https://www.gbcghanaonline.com/news/goldbod-refinery-partnerships-push-local-gold-processing-to-94-6-in-october/2026/"
  },
  "original_language": "en",
  "account": "The Ghana Gold Board (GoldBod) has achieved a remarkable milestone in October, refining 94.6% of the artisanal and small-scale (ASM) gold it purchased, as part of their mission to retain more value from the nation's mineral resources. CEO Sammy Gyamfi Esq. addressed the African Minerals Policy Forum – Mining in Motion 2026, highlighting the progress in transforming Ghana from raw gold exporters to domestic refining and value addition. In October, GoldBod purchased 5.7 tonnes of ASM gold, with 5.4 tonnes refined locally. Partnerships with Gold Coast Refinery and Royal Ghana Gold Refinery have been instrumental, with the two refineries processing 25 tonnes of ASM gold, making up about 30% of GoldBod's total ASM gold exports of 85.4 tonnes as of October 20. Since August, 18.7 tonnes of ASM gold were refined locally, accounting for 76% of the 25 tonnes processed during that period. Furthermore, 30% of large-scale mining companies' output purchased by GoldBod under the Ghana Accelerated National Reserve Accumulation Program (GANRAP) is also being refined locally. Both refineries are striving for London Bullion Market Association (LBMA) accreditation within the next three to five years under GoldBod's regulatory guidance. This progress is part of Ghana's broader goal of shifting from exporting raw minerals to boosting domestic processing capacity and retaining more economic benefits from its natural resources. GoldBod aims to transition from exporting 100% of its minerals in raw form by the end of 2024 to achieving zero raw mineral exports by the end of 2030. The CEO emphasized that the objective is to ensure every ounce of gold produced in Ghana generates greater value for Ghanaians. GoldBod thanked the Ghana Chamber of Mines for its support towards the value-addition agenda. Gyamfi delivered the speech under the theme \"From Gold Production to National Prosperity: Ghana's GoldBod Model for Mineral Sovereignty and Value Addition.\"",
  "summary": "By Magdalene Andoh The Ghana Gold Board (GoldBod) says it has locally refined 94.6 per cent of the artisanal and small-scale mining (ASM) gold it purchased in October, marking significant progress in Ghana’s drive to retain more value from its mineral resources. GoldBod Chief Executive Officer, Sammy Gyamfi, Esq., disclosed this in a keynote address […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}