GoldBod Lands Airport Property for Refinery and Assay Lab
The Ghana Gold Board (GoldBod) is making significant strides in its mission to revolutionize the country’s gold industry. In a move designed to add value to Ghana’s gold exports, GoldBod has acquired a 0.6-acre plot at the Kotoka International Airport’s cargo village to construct a state-of-the-art, ISO-certified assay laboratory and a gold refinery.
Modernizing Ghana’s Gold Industry
This initiative aims to upgrade Ghana’s current assay methods, moving away from XRF and water density testing to the globally recognized fire assay standard for all gold produced and exported. Furthermore, the construction of an international standard gold refinery will substantially increase Ghana’s local refining capacity. This will enable the nation to transition from primarily exporting doré, a semi-pure alloy of gold and silver, to exporting refined gold bullion. Sammy Gyamfi, CEO of GoldBod, announced the development at the Mining and Minerals Convention 2025, emphasizing the partnership between GoldBod and the Bank of Ghana in supporting local refineries like the Gold Coast Refinery.
This strategic acquisition and investment signal a strong commitment to enhancing the value chain of Ghana’s gold resources, potentially boosting the country’s economic standing in the global market. The project promises greater quality control, increased revenue from gold exports, and a stronger foothold for Ghana in the international gold trade.
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