The Ministry of Lands and Natural Resources has pledged its full support for the Ghana Gold Board (GoldBod) following the signing of a landmark gold refining agreement with Gold Coast Refinery Limited, describing the deal as a major step toward transforming Ghana’s gold sector.
Speaking at the signing ceremony on behalf of the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, the Deputy Minister, Alhaji Yusuf Sulemana, commended the Government of Ghana, President John Mahama, the GoldBod Board, and Chief Executive Officer, Sammy Gyamfi, Esq. for their roles in facilitating the agreement.
He noted that the deal reflects sustained effort and collaboration among key stakeholders in the sector.
“It hasn’t been easy, but today we have made it possible. We want to commit ourselves so that whatever it takes, the Ministry of Lands and Natural Resources will play its role to ensure that this journey we have started bears the fruits we all desire,” Alhaji Sulemana said.
He also assured investors of Ghana’s commitment to providing a stable and secure environment for business, expressing gratitude for their confidence in the country’s mining sector.
“Ghana remains a destination where you can do business without fear,” he assured.
The agreement between GoldBod and Gold Coast Refinery marks a significant shift in Ghana’s gold industry, moving the country away from the export of raw gold toward local refining and value addition.
The initiative is expected to support job creation, enhance foreign exchange earnings, and strengthen Ghana’s position in the global gold market.
The collaboration between the GoldBod and the Ministry of Lands and Natural Resources forms a central pillar of Ghana’s renewed strategy to reform the gold sector and maximise value from the country’s mineral resources.
In recent years, the Ministry of Lands and Natural Resources has worked closely with GoldBod to align regulatory oversight, mineral governance, and value addition objectives.
This collaboration has focused on reducing raw gold exports, strengthening traceability, improving compliance with international sourcing standards, and ensuring that Ghana captures a greater share of the economic benefits from its gold resources.
While GoldBod leads the commercial and operational aspects of domestic gold trading and now refining, the Ministry supports the real mining operations through licensing, sector coordination, and investor engagement.
Together, the two institutions are positioning local refining as a cornerstone of Ghana’s mining policy, with the broader objective of job creation, skills development, and long-term industrial growth in the gold sector.
