Ghana GoldBod Bans Raw Gold Export : Directs Local Refine Before Export Starting September 1

Ghana’s Gold Board (GoldBod) has introduced a new directive requiring all Self-Financing Aggregators (SFAs) to process gold locally prior to export, part of a national strategy to increase the value of the country's mineral output.

​Effective September 1, the rule mandates that all SFAs and their authorized offtakers include local refining clauses in their commercial agreements. Companies with existing contracts must update their documentation by August 31 to comply with the mandate.

​Under the framework, refining must occur exclusively at GoldBod approved or designated facilities. The board also retains final authority over which specific refinery handles each shipment. 

Financial responsibility for refining expenses will be determined by the contracting parties through their own commercial terms.

​Beginning September 1, GoldBod will withhold export clearance until it verifies that the gold has been refined within Ghana, all processing fees are fully paid, and standard regulatory conditions are satisfied.

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