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Ghana to locally refine its gold starting October 2025 – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that plans are far advanced for the establishment of a state-owned gold refinery in the country.
Speaking at the 2025 Minerals and Mining Convention, Mr Gyamfi said the refinery will process locally mined gold into bullion instead of exporting it in its raw state.
According to him, it is unacceptable that Ghana, despite being a leading gold producer in Africa, continues to export raw gold known as dore.
He explained that the Gold Board, working with the Bank of Ghana and local refineries, will from October 2025 begin refining gold locally.
He also disclosed that an ultramodern assay laboratory will be built to ensure international standards in testing gold quality.
Mr Gyamfi noted that the refinery will be wholly state-owned and will help Ghana move away from raw mineral exports to value addition.
This, he said, will boost foreign exchange earnings, create jobs, and position Ghana as a hub for gold refining and jewellery production in Africa.
The CEO stressed that the project forms part of government’s strategy to ensure the country benefits fully from its natural resources and to transform the mining sector into a driver of economic growth.
By: Jacob Aggrey
The Ghana Gold Board (GoldBod) says it generated US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in October 2026.
According to the GoldBod, the entire amount was sold to authorised commercial banks through its GoldBod GoFX platform to support stability in the foreign exchange market.
In an announcement issued on Monday, November 2, the Board projected to generate US$1.2 billion in foreign exchange from its ASM gold trade operations in November.
It added that US$800 million of the projected amount would be made available to commercial banks to support foreign exchange market stability.
GoldBod said the sales would be conducted through its GoFX platform in line with the approved FX Sales and Intermediation Framework to ensure transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to generating foreign exchange for the country and supporting the Bank of Ghana’s foreign reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
By: Jacob Aggrey
The New Patriotic Party (NPP) has opened applications for members interested in contesting as its parliamentary candidates in the 2028 general elections.
In a statement issued on Thursday, October 29, 2026, the party said interested members must declare their intention to contest between Sunday, November 1, and Tuesday, November 10, 2026.
According to the statement signed by the party’s Communications Director, Dennis Miracles Aboagye, prospective candidates must complete an online form within the specified period.
The party said a non-refundable application fee of GH¢5,000 would be charged to each prospective candidate.
It added that all applicants would undergo vetting and screening to determine their eligibility to contest on the party’s ticket.
The NPP announced plans to organise capacity-building workshops for prospective candidates in December 2026. The workshops will be held across the Northern, Middle and Southern zones, with details of the venues to be announced later.
The party stressed that the guidelines would apply to all prospective candidates, including sitting NPP Members of Parliament who wish to contest again.
It further warned aspirants against starting campaign activities following the opening of the application process.
According to the statement, the existing directive prohibiting campaign activities remains in force until the party gives official clearance.
It cautioned that anyone who violates the directive would face appropriate sanctions under the party’s constitution and regulations.
The NPP said the process was designed to promote fairness, transparency and equal opportunities for all aspirants as it prepares to select candidates for all 276 constituencies ahead of the 2028 elections.
It urged prospective candidates to follow the guidelines and conduct themselves with discipline and respect for one another throughout the process.
The party said its broader objective was to strengthen unity within its ranks and rebuild public confidence ahead of the 2028 general elections.
By: Jacob Aggrey
