News
Gold Board set to establish gold village in Ghana – Sammy Gyamfi
The Ghana Gold Board is preparing to set up a gold village in the country to boost local jewellery and ornament production.
Chief Executive Officer of the Board, Sammy Gyamfi, revealed this at the 2025 Minerals and Mining Convention.
He explained that the project will be modelled after the famous Gold Souk in Dubai and will position Ghana as a continental hub for gold jewellery and other ornaments.
According to him, the gold village forms part of efforts to add value to Ghana’s mineral resources instead of exporting them in their raw state.
He stressed that value addition was critical to creating jobs, strengthening the economy, and ensuring that the nation benefits fully from its mineral wealth.
Mr Gyamfi noted that the initiative will also promote local craftsmanship, attract investors, and make Ghana a key player in Africa’s gold and jewellery market.
By: Jacob Aggrey
News
Gold Board secures $1bn deal to boost responsible mining in Ghana
The Ghana Gold Board has entered into a partnership with Goldstream Global DMCC to attract a US$1 billion investment into the country’s mining sector.
Chief Executive Officer of the Board, Sammy Gyamfi, disclosed at the 2025 Minerals and Mining Convention that the Memorandum of Understanding (MoU) was signed on August 22, 2025.
The agreement, he explained, will pave the way for the establishment of more than 300 responsible mines across the country.
The project will be carried out in collaboration with concession owners, the Ministry of Lands and Natural Resources, and allied agencies.
Mr Gyamfi said the initiative is expected to increase Ghana’s gold output, create thousands of jobs, and ensure that mining is done in a more sustainable and environmentally friendly manner.
He emphasised that the partnership forms part of the Gold Board’s commitment to transform small-scale mining, curb illegal operations, and maximise the benefits of the sector for national development.
By: Jacob Aggrey
Hot!
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
