The Ghana Gold Board (GoldBod) has announced plans to construct a state-of-the-art industrial gold refinery in Accra as part of a broader $1 billion mining sector support initiative aimed at creating more value from the country’s mineral resources.
The facility, expected to be sited at the Kotoka International Airport (KIA) cargo village, will mark a historic shift from Ghana’s decades-long practice of exporting raw gold ore for processing abroad, transitioning instead into full-scale domestic gold refining and production.
Speaking at the maiden Mining and Minerals Convention held September 9–10, 2025, at the Kempinski Hotel in Accra, GoldBod Chief Executive Sammy Gyamfi said land has already been secured for the project.
“As part of the reset agenda of the Mahama-led administration, the GoldBod, with active support from the Presidency, has acquired land at the KIA cargo village to house our proposed state-of-the-art large-scale gold refinery,” he stated. “This multimillion-dollar facility will enable the nation to tap fully into its gold endowment, create sustainable jobs, and generate the foreign exchange needed to stabilize the cedi and keep the economy on stable footing.”
The proposed refinery will include an ISO-certified gold assaying laboratory designed to meet the highest global industry standards and provide reliable production services for stakeholders across the value chain.
Alongside the refinery, GoldBod has also launched a Mining Support Programme to attract direct investment into environmentally responsible mining operations. As part of this, the Board signed a Memorandum of Understanding with Goldstream Global DMCC for a potential $1 billion investment to establish over 300 regulated mines in collaboration with concession owners and local communities.
“We are focused on tapping into the vast potential of our mining industry, if well regulated and harnessed, to create thousands of jobs for Ghana’s skilled youth while contributing to national development,” Mr. Gyamfi said. “This initiative will transform Ghana from a primary gold mining country into a global powerhouse of integrated mining services.”
GoldBod also outlined social and environmental commitments, including reclaiming 1,000 hectares of degraded forest reserves and rolling out community projects such as potable water systems, schools, health facilities, and scholarship schemes.
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Story by Sika Togoh|univers.ug.edu.gh
