By 2030, no raw gold leaves Ghana - Sammy Gyamfi reveals Mahama's bold directive
Sammy Gyamfi, Gold Board CEO, revealed that the government has begun executing a plan to end the export of raw minerals by 2030, with a directive from the president to transform the sector. He said, "We are going to be decreasing the quantity of raw gold that we export, and will rather be increasing the quantity of refined gold. The process has already started."
Mr. Gyamfi stated that the initiative is being driven initially through the small-scale sector. He said that efforts are underway to significantly expand Ghana's refining capacity through strategic partnerships, including signing an MOU with SAM refinery. Plans are advanced for a major refinery project in Accra, securing three acres of land within the Accra International Airport precinct to build a 600-ton capacity refinery. He also noted that the Gold Board injected over GH¢50 million into PMMC jewellery, rebranded it into Gold Board Jewellery, and is projecting almost GH¢140 million in revenue this year, up from GH¢65 million last year.
The refinery project is expected to start this year and finish by next year. The government is also planning to build the "Golden Kilometre Project," which will feature jewellery and gold ornament shops.
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Sammy Gyamfi, CEO of the Gold Board, discusses an ambitious government plan for Ghana's gold sector. The initiative aims to transform the industry by 2030 - but what changes are in store?
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