A new directive aimed at increasing local value addition in Ghana’s gold industry has taken effect, placing fresh requirements on gold aggregators involved in exports.
Under the new arrangement, self-financing aggregators are no longer permitted to send gold doré out of the country in its unrefined state. The policy requires the gold to undergo refining before export.
The move forms part of efforts to ensure Ghana gains greater economic value from its mineral resources instead of exporting gold in a less processed form.
Authorities believe increasing domestic refining could create additional opportunities within the local mining value chain while strengthening Ghana’s position as a major player in the global gold industry.
The implementation of the directive is expected to bring changes to the operations of businesses involved in gold aggregation and export, particularly those that have traditionally shipped unrefined gold overseas.
Source: GhanaNsem
